Is the Trump Treasury panicking over the level of US debt?
With the federal deficit near 6% of GDP and the national debt over $40tn, America’s fiscal position looks increasingly precariousBessent ‘will lose’ battle with bond markets, ex-mentor warnsAre 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 – is starting to cause real pain.Until now, the Treasury secretary, Scott Bessent, has dismissed…
Source: www.theguardian.com