US National Debt Concerns Rise, Impacting Consumers and Global Markets
Concerns are growing over the rising US national debt and its potential impact on American consumers and the global economy. Experts are analyzing how bond maneuvers and increasing debt could affect financial stability.
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Watch: How will the US national debt affect American consumers and the world?
The US national debt has more than doubled in a decade to reach a milestone $40tn (£29.4tn), Treasury figures show.
Read full article →Bessent’s Bond Maneuvers Giving Global Debasement Trade New Life
Scott Bessent’s bid to tame US borrowing costs knocked down long-term yields for barely a day. The more lasting market signal: the dollar weakened while gold and Bitcoin rallied, reinforcing a debasement trade fueled by swelling US deficits and concerns over the direction of US economic policy.
By Greg Ritchie, Denitsa Tsekova and Isabelle Lee
Read full article →What's happening with the national debt — and how it could affect your wallet
The US national debt recently passed $40 trillion for the first time. Mandel NGAN / AFP via Getty Images The US national debt topped $40 trillion this week, potentially impacting consumer interest rates. Treasury Secretary Scott Bessent is using debt buybacks to manage high bond yields. Rising federal debt since 2015 has increased loan costs and could continue to impact consumer loans. Owing $40 trillion might sound daunting. But for the American government, ballooning debt has become the n...
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