Elon Musk Says America Is in Deep Trouble

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The Street

By Luc Olinga The billionaire CEO says that the United States will default on its debt. The question for him is when this default will occur and not whether it will. This is the debate that agitates Washington and worries Wall Street. Will the United States default on its debt due to political differences and posturing between the White House and the Republican House Speaker Kevin McCarthy? The projected date for the default came closer last Tuesday. The income tax revenues seem to be worse than expected. According to Goldman Sachs analysts, the fateful day would be in early June rather than i…

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