The U.S. debt outlook is so dire it now resembles the student loan crisis, former White House economic adviser says

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• Jared Bernstein, who previously served as the chair of President Joe Biden’s Council of Economic Advisers, has had a change of heart when it comes to U.S. debt. After being a longtime dove, he has become a hawk “because our nation’s budget math just got a lot more dangerous.” He cited President Donald Trump’s tariffs and tax cuts.

The U.S. is inviting a debt shock if it continues on its current trajectory, which is starting to look like unsustainable student loans, according to Jared Bernstein, who previously served as the chair of President Joe Biden’s Council of Economic Advisers.