{
  "id": 4193913,
  "title": "Peter Schiff says Trump’s ‘numbing the pain’ of America’s $40T debt problem — protect your retirement before crisis hits",
  "url": "https://urgent.news/2026/08/29/peter-schiff-says-trumps-numbing-the-pain-of-americas-40t-debt",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-29T11:15:00.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/economy/policy/articles/peter-schiff-says-trump-numbing-111500280.html"
  },
  "original_language": "en",
  "account": "Economist and gold advocate Peter Schiff claims President Trump is \"numbing the pain\" of America's $40 trillion debt issue through the administration's \"Operation Twist.\" Schiff argues that this policy, which involves buying long-term government bonds to lower yields, fails to address the underlying debt problem and could lead to a fatal sovereign debt crisis for the dollar and U.S. economy. Treasury announced in August it would double the maximum size of certain buybacks involving 10- to 30-year Treasury securities from $2 billion to $4 billion per operation. However, experts warn that such purchases are insufficient to reduce federal spending, deficits, or borrowing needs. Higher long-term Treasury yields could impact mortgage rates, corporate borrowing costs, and other loans, potentially leading to pain for investors who need to sell long-duration bond funds during a rate surge.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "CBS News",
        "title": "Inflation still high as Iran war hits 6 months and Trump's tariffs continue",
        "url": "https://urgent.news/2026/08/29/inflation-still-high-as-iran-war-hits-6-months-and-trumps-tariffs",
        "published": "2026-08-29T14:36:11.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}