Amid Trump tariff wars and rising US Treasury Yield, the American economy seems in a very tight spot, as Elon Musk’s Department of Government Efficiency (DOGE) comes up with a plan to avoid US recession. The tech billionaire who’s close to US President stated that accelerating GDP growth is one way to avoid the US debt crisis. This means a clear 180-degree shift from cutting down federal spending to increasing it. Elon Musk Reveals DOGE’s Plan To Avoid America’s Bankruptcy As the Trump tariff war continues, the US bond market remains heated as the 10-Year Treasury yield has spiked to 4.5%, raising growing concerns of US recession. As per the Kalshi data, the odds of a recession in the United States surged to 43%. Source: Kalshi In order to prevent America from slipping into bankruptcy, Elon Musk has emphasized the importance of accelerating GDP growth. While acknowledging the efforts of… Read More at Coingape.com
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