Is the Trump Treasury panicking over the level of US debt? - short news
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 – is starting to cause real pain.
Until now, the Treasury..
source: The Guardian - 26.08.2026