The $40 Trillion Problem Washington Won’t Talk About
America’s national debt has climbed past $40 trillion and persistent deficits are putting upward pressure on long-term interest rates. Economists including Natasha Sarin of the Yale Budget Lab argue that heavier government borrowing ultimately filters through to households in the form of higher mortgages, car loans and other financing costs. Former House Speaker Paul Ryan says the country can…
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
