Ronald P. O'Hanley, Chairman and CEO of State Street Corporation, stated at the main summit of the 3rd International Financial Leaders Investment Summit of the Hong Kong Monetary Authority that the debt in the United States has reached an alarming level. Considering the economic situation in the United States, the debt may rise to 125% of GDP within the next ten years. Under a rising interest rate cycle, the cost of debt and debt servicing costs in the next 25 years may double. He continued to say that although the debt continues to increase, no one mentioned the issue of debt during the presidential election in the United States. It is difficult to imagine the sustainability of wealth with the current government spending plans and tax policies being discussed. He believes that when the market sees failed auctions of U.S. Treasury bonds, or when the auctions receive a poor response, investors will begin to feel nervous about the level of U.S. debt. However, currently, everyone believes that there are still many solutions to tackle the increasing debt, such as the Federal Reserve returning to quantitative easing policies and continuing to purchase debt, but it is uncertain how long this situation can last.