The US dollar has long been considered the world’s reserve currency, giving the US significant financial advantages. However, concerns are growing about the sustainability of US government debt and spending.
For decades, the US dollar has held a unique position as the global standard. But without credible progress to address the federal budget deficit, worries are increasing about the future of US public finances. Experts warn that if the country’s debt issues aren’t addressed, it could lead to economic instability and potentially impact the value of the dollar.
The rising debt concerns have sparked doubts about the US dollar’s long-term status as a reserve currency. As a result, investors and economists are keeping a close eye on developments in Washington.
Source: https://www.marketwatch.com/story/the-u-s-dollar-is-still-the-worlds-currency-but-maybe-not-for-much-longer-d3c5774f