How rising US debt could compound into a crisis, according to 'bond king' Jeffrey Gundlach

REUTERS / Jessica Rinaldi

• US debt problems will be felt in the coming years, Jeffrey Gundlach wrote for The Economist.
• Higher interest rates and a recession amplify US borrowing costs.
• By 2034, debt servicing could consume 45% of tax revenue, he estimates.

America must curb its borrowing binge before it "breaks the bank," Jeffrey Gundlach said.

"Under the next few presidential administrations, the national debt will mushroom beyond the government's ability service it...