How America's Debt Spiral Could Spark The Next Crisis
Independent analyses, ranging from Yale University to the Wharton School to the Congressional Budget Office, have each said that President Trump’s Big Beautiful Bill will add trillions of dollars to the U.S. deficit over the next 10 years. Yet, this year, the U.S. deficit is already exceeding 6 percent of GDP, a level roughly 63 percent higher than the average in the past five decades. And unlike past spikes, the current one isn’t driven by war or economic crisis, leading many to worry. In this documentary, through dozens of interviews with experts including Former Treasury Secretary Robert Rubin, macro investor Ray Dalio and Former Chairman of the Joint Chiefs of Staff Mike Mullen, CNBC's Leslie Picker explores what will happen if the deficit is not reined in. Chapters: 0:00 Introduction 1:27 How we got here 4:17 Market fallout 9:45 Economic ripple effects 13:48 International implications Reported by: Leslie Picker Produced by: Ritika Shah Edited by: Erin Black Senior Managing Producer: Tala Hadavi Camera: Magdalena Petrova, Carlos Waters, Natalie Rice, David Soltis, Leroy Jackson, Alex Bedoya, Mark Aster, Michael Luciano, Tyler Roth, Jordan Smith, Miles Ross, Tara McCurrie, Vincent Castaldo, Marco Mastrorilli, Erin Black Animations: Jason Reginato, Emily Park, Virginia Davies Production Support: Kathy Mavrikakis, Darren Geeter Managing Editor: Lacy O’Toole Senior Director of Video: Jeniece Pettitt » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Do you want to buy a home but don’t know where to begin? Take CNBC’s new online course How to Buy Your First Home. Register today and use coupon code EARLYBIRD for an introductory discount of 30% off $97 (+taxes and fees) through July 15, 2025: https://cnb.cx/3STNNhr Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC How America's Debt Spiral Could Spark the Next Crisis
How China Uses Mexico To Avoid U.S. Tariffs
BOND Market BACKFIRE After INSANE Trump Maneuvers
Why governments are 'addicted' to debt | FT Film
U.S. Empire in Decline: Richard Wolff on Iran War, Rising Inequality, $40T National Debt & More
How Huawei Became China’s Nvidia | AB Explained
Will Stagflation Return To The U.S.?
Scott Bessent Is at War With Prices — and Prices Are Winning!
The Brexit effect: how leaving the EU hit the UK | FT Film
W*T*H: What the Hormuz Is Going On?
Why Germany’s Rebooting Its Economy
Nigeria is Now So Much Worse Than You Think
Are Trump's tariffs causing the US to collapse from within? | Four Corners Documentary
The Zombie Debts Making Wall Street Rich | Bloomberg Investigates
Billy The Kid: The True Story of the Notorious Outlaw | Full Documentary | American Experience | PBS
Why Some Of America’s Banks Are At Risk Of Failing | CNBC Marathon
How BofA Came Back From The Brink Of Collapse
Before the Great Recession, “The Warning” (full documentary)
Every Bond Market In The World Is Breaking
If You Don't Understand Bonds, You Don't Understand Money
