Treasury yields are already blowing up the CBO’s long-term forecasts, and experts who previously downplayed U.S. debt fears are now starting to worry
"If interest begets debt, and debt begets interest, eventually debt will spin out of control. A fiscal crisis, once unthinkable, is now a distinct possibility."
Read Full Article on FortuneAI SUMMARY
# Treasury Yields Threaten U.S. Fiscal Outlook Rising Treasury yields are already invalidating the Congressional Budget Office's long-term debt projections, creating a self-reinforcing cycle where higher borrowing costs increase deficits and require more debt issuance. Previously skeptical economists are now warning of a potential fiscal crisis as the U.S. debt spiral accelerates, signaling increased risk for bond investors and potential long-term pressure on equity valuations.
More Finance News
Before getting dropped by Ed Sheeran, Macklemore had long supported Palestinians, and his latest gift catalyzed YouTube star Ms. Rachel to donate
California’s billionaire tax will ‘kickstart a movement’ that spreads to more states, the federal government and other countries, Nobel laureates say
Central Command says U.S. military has aided the transit of 1 billion barrels of oil through Hormuz in past two months while Iran has ‘exported zero’
As AI companies get closer to ‘recursive self-improvement,’ this physics professor calls full autonomy ‘the worst idea in the history of humanity’
‘We’ve been free-riding off Beijing in a weird way’ — Oil prices are high but could be much worse. Trump has China’s Xi to thank for that
Content sourced from Fortune. Not financial advice.