1. United States
2. Texas
3. Letter

I am writing to urge immediate action to address the escalating threats to America's economic stability stemming from reckless foreign policy and our deteriorating fiscal position. The consequences are no longer theoretical—they are materializing in real time with serious implications for American families and our nation's financial security. Danish pension operator AkademikerPension announced it will exit its approximately $100 million position in U.S. Treasury securities by the end of January 2026. Chief Investment Officer Anders Schelde cited the ballooning U.S. debt bill after decades of government overspending as the primary concern, noting that the poor state of U.S. finances prompted the fund to find alternative ways of conducting liquidity and risk management. This follows Moody's Ratings decision in May to cut the United States' sovereign credit rating from Aaa to Aa1, citing our $1.78 trillion budget deficit and high borrowing costs. The situation is compounded by President Trump's threats to impose tariffs on European nations beginning February 1, 2026, potentially increasing to 25% by June 1 if the U.S. does not gain control of Greenland. These threats have triggered market turmoil. On January 21, 2026, Treasury yields surged, the U.S. dollar and stocks fell, and gold rose to all-time highs in what traders described as a "sell America" trade. Bridgewater Associates founder Ray Dalio warned at Davos that sovereign funds could start dumping U.S. investments if they no longer view America as a stable trading partner, leading to "capital wars" where there is less inclination to buy U.S. debt. This is not speculation—it is happening now. I urge you to take concrete steps to restore fiscal discipline and oppose destabilizing foreign policy actions that threaten our economic security. American constituents cannot afford an economic depression driven by preventable policy failures. Our nation's creditworthiness and the financial wellbeing of your constituents depend on responsible leadership now.