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

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How America’s Debt Spiral Could Spark the Next Crisis

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$163,000 In Student Loan Debt Only Making $29,000!
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The Greatest Generation sacrificed everything for our country. But Donald Trump wants to sacrifice them for the economy when they’re in their greatest time of need.

A perennial problem for South Africans, personal debt is skyrocketing – as a recent annual survey by a major financial institution has revealed. More than double the usual number of respondents said they had taken out personal loans this year. Some 58% of households are facing “overwhelming financial stress levels as they plunder their savings and take on more debt to meet expenses”. So what if the financial hole gets too deep? Carte Blanche investigates complaints by some debt review customers who say the hoops they had to jump through to get back into the black were just too traumatising.

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This is a hard pill to swallow for many of us, who see debt as a burden, an excavator is a burden if it’s parked in your front yard, but it’s also a powerful tool, capable of building real value, and debt is a tool too, when used correctly financial leverage creates wealth.

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The Ombudsman for Banking Services is advising South Africans to be aware of their rights when it comes to dealing with financial institutions. The Ombud’s Reana Steyn spoke with eNCA’s Anlie Hattingh. Courtesy of #DStv403

New Year, New Goals! Ready to make 2025 your most abundant year yet? In this video, we’re helping you stick to your New Year’s resolutions, especially when it comes to money goals. Learn how to create and stick to a budget, pay down debt, and boost your savings step-by-step. Let’s turn dreams into reality this year—no more leaving goals behind! #NewYear #2025 #NYEResolutions #MoneyGoals #RichLikeMyMelanin

Video Chapters:
00:00 – Intro
00:17 – New Year reflections and Welcome
01:00 – The Top 3 New Years Resolutions Goals
01:13 – Create and Stick to a Budget
02:03 – How to Categorize Your Expenses
04:12 – Pay Down High-Interest Debt
04:33 – Methods to Pay Down Debt
08:03 – Increase Your Savings
08:46 – Tips to Achieve Your Savings Goals
11:31 – Summary and Review

Welcome to Rich Like My Melanin (RLMM), your go-to resource for achieving financial freedom and building wealth with confidence! My channel empowers you to take control of your finances, eliminate debt, and create the life you deserve.

From budgeting tips and money management strategies to investing basics and side hustle ideas, I provide practical advice to help you grow your wealth and secure your financial future. Whether you’re just starting your debt-free journey or looking to build generational wealth, we’re here to support you every step of the way.

Subscribe today and start your path to financial empowerment—because you deserve a life where money works for you!

If you have any questions about the information in this video or for more information about my services, please visit https://rlmmfinancial.com/.

4 things to consider when you’re settling debt. How do you settle a debt? How to settle debt yourself? #diy

TV interview highlights high cost of credit counselling as a debt relief option