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Zenger
Zenger
Business
Shanthi Rexaline

Prominent SPAC King Criticizes U.S. For Unsustainable Borrowing Amid Rising Treasury Yields

The U.S. Treasury revealed on Monday its plan to borrow $1.592 trillion from the private debt market through the end of the March quarter, following a $1.01 trillion borrowing in the September quarter. On Tuesday, prominent “SPAC king” Chamath Palihapitiya criticized the U.S. for its fiscal policies of living beyond its means.

The U.S. Treasury revealed on Monday its plan to borrow $1.592 trillion from the private debt market through the end of the March quarter, following a $1.01 trillion borrowing in the September quarter. On Tuesday, prominent “SPAC king” Chamath Palihapitiya criticized the U.S. for its fiscal policies of living beyond its means. GETTY IMAGES 
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