Musk issues bankruptcy warning

The US must fix its rising national debt problem, the billionaire has said

The US government will “go de facto bankrupt” unless it reins in its rising debt, Elon Musk has warned. The billionaire is set to co-lead a new department tasked with curbing spending under President-elect Donald Trump.

Musk was reacting to a post by Kalshi, a financial service that allows users to bet on future events and which makes a prediction on how likely these events are to happen.