Us media: High interest rates are pushing more big companies to the brink of bankruptcy, and an economic crash is coming to the United States in 2024! The United States, the world's largest economy, has recently been warning of an economic meltdown. Economic collapse, that scary word, seems so far away, but is it really not going to happen? According to a report by Fox News, the policies of the Federal Reserve and inflationary spending by the Biden administration have led to a decrease in available funds, which has brought severe conditions to American families. Now, more and more people are eating into their savings and going into debt to pay for basic living expenses such as food, utilities and housing. In the white paper, Fed researchers noted that inflation uncertainty is high, which could act as a headwind to U.S. economic growth and pose a challenge to monetary policy. This uncertainty could have an impact on industrial production, consumption and investment. As a result, people are relying on credit cards and other forms of consumer debt to an unprecedented degree. This spring, Americans' collective credit card debt topped $1 trillion for the first time in history. What these data seem to be telling us is that an economic crash more devastating than the Great Depression may be coming to the United States in 2024. If the White House and Congress don't cut government spending soon, the results could be catastrophic. At the same time, the number of corporate bankruptcies in the United States is rising rapidly, and there is a bigger concern: many of the companies in trouble are large. This year, industry giants including Silicon Valley Bank, 3B Home and Yellow filed for Chapter 11 bankruptcy protection. The companies blamed rising inflation, violent interest rate hikes by the Federal Reserve, reduced government aid and continued supply chain disruptions. More bankruptcies are likely to follow as higher interest rates push more big companies to the brink. While any type of bankruptcy portends distress, large corporate failures pose particularly significant economic risks, as they can severely shock financial markets, lead to tens of thousands of job losses, or, as with the Lehman crisis in 2008, remove any doubt that a recession is in the works. As economic risks mount, bankruptcy filings have tripled in the first half of this year compared with the same period last year. Household savings are plunging, banks are tightening lending and Treasury yields are soaring, all of which could dampen economic growth.