‘A fiscal catastrophe’: The US Treasury just declared America insolvent, say famed economists. Are your finances ready?

What: The US Treasury has declared America insolvent, according to famed economists.
Why: This warning comes as the US national debt has surpassed **$34.48 trillion**.
Signal: The economists warn that this could lead to a fiscal catastrophe, impacting global markets.
Target: The economists are urging Americans to review and adjust their financial plans to mitigate potential risks.
Risk: The US economy faces a heightened risk of recession and financial instability due to the insolvency declaration.