#USNationalDebt

Asian equities tumbled Thursday (May 22) as investors absorbed a stark message from Washington: America’s fiscal burden is ballooning and the impact is rippling across the Pacific. 

The sell-off wasn’t isolated. From Tokyo to Mumbai, regional benchmarks turned red, tracking Wall Street’s plunge as anxiety surged over a proposed US budget bill that could hugely inflate the national debt as it approaches an already staggering US$37 trillion.