Two former Treasury Secretaries warn of “dark clouds” awaiting the next US president - the dollar is not safe

2024/7/31 5:33 JST (some excerpts)
Increased US Government Debt Will Ultimately Destroy Prosperity - Paulson
There is no guarantee of the position enjoyed by the dollar - Mr. Geithner

The two former US Treasury Secretaries who responded to the global financial crisis expressed the view that what the next US president will take over is an economy that has vitality yet has “dark” issues. On top of that, they called on politicians to respond to budget deficits and protect market competition.
　　Timothy Geithner said on the Bloomberg TV program on the 30th, “The next president will inherit some dark shadows. It's an extremely dangerous world where far more complicated responses are required,” he pointed out. Henry Paulson, who was next to him, said government debt was a “dark cloud,” and “if not controlled, it will eventually destroy our prosperity.”