Health

Is the Trump Treasury panicking over the level of US debt?

The Guardian 26 Aug

United Kingdom

Is the Trump Treasury panicking over the level of US debt? — Sources: The Guardian

With the federal deficit near 6% of GDP and the national debt over $40tn, America’s fiscal position looks increasingly precarious Bessent ‘will lose’ battle with bond markets, ex-mentor warns Are we seeing the first signs of panic in Donald Trump’s Treasury? The US is by far the world’s biggest debtor, and the steady rise in global long-term interest rates – which I have long argued was inevitable

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