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**FOR IMMEDIATE RELEASE**

**Rubenstein Warns US Fiscal Deficit Poses Greater Threat Than Tariffs**

**Tokyo, Japan –** David Rubenstein, co-founder of global investment firm Carlyle Group Inc., has warned that the widening US fiscal deficit presents a more significant long-term challenge to the US economy than tariffs. Speaking at an event hosted by Carlyle Group in Tokyo on Tuesday, Rubenstein suggested that while tariffs may fade in importance by the time of next year’s midterm elections, the burgeoning national debt remains a critical issue.

Rubenstein attributed the US’s ability to accumulate such a large debt to the dollar’s status as the world’s reserve currency. However, he cautioned that this advantage is not limitless. “If we don’t get it under control,” Rubenstein stated, “at some point people will become more nervous about the dollar as a reserve currency and its stability.” His comments highlight concerns that a loss of confidence in the dollar could have serious repercussions for the US economy.

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