Ray Dalio, the founder of global macro hedge fund major Bridgewater Associates, is watching the "risky" fiscal situation in the US and believes the country could be heading for a debt crisis, according to a report by Reuters.

The report quotes Dalio as saying in an interview with CNBC that, "How fast it transpires, I think, is going to be a function of that supply-demand issue, so I'm watching that very closely."

The country's debt has been under the spotlight in recent months after political brinkmanship around the debt limit brought the country close to a default.

Though the situation was averted, such partisan conflicts could hurt the country's fiscal reputation, analysts have said.

Rating agency Fitch meanwhile, cited "fiscal deterioration" over the next three as part of the reasoning behind its decision in August to downgraded US credit by one notch from the top tier.