Bank of America CEO sounds alarm: The U.S. economy may lose its special status due to debt issues

ChainCatcher news, according to Jinshi reports, Bank of America CEO Brian Moynihan believes that if the United States does not balance its spending with economic growth, it will regret it. If this issue is not addressed, the U.S. may lose its "gold standard" status in the economy.

He also stated that the debt issue is not something that can be handled in the first week of a new government taking office, nor is it a problem that the old government can continue to govern------it is a discipline issue that spans time.