The top hedge fund manager projects major financial woes for the nation’s economy within three years Washington has to immediately commit to cutting the deficit or face the risk of a major debt crisis within the next three years, billionaire investor Ray Dalio, founder of Bridgewater Associates, told Bloomberg on Monday. The bearish outlook stems from the US federal budget deficit, which rose to $1.8 trillion in the last fiscal year, ending September 30, 2024. The staggering figure marks the