New Delhi, July 4 -- In a stark warning following the passage of President Donald Trump's sweeping tax-and-spending package, billionaire investor Ray Dalio has raised red flags about the long-term sustainability of America's fiscal path, forecasting rising debt burdens and severe economic consequences.

The US House of Representatives has approved what Trump has termed "One Big Beautiful Bill" - legislation that permanently extends his 2017 tax cuts, introduces new tax breaks, and significantly boosts funding for immigration enforcement. But the bill comes at a heavy cost: it will add about $3.4 trillion to the nation's existing $36.2 trillion debt, according to estimates by the nonpartisan Congressional Budget Office.

Reacting to the de...