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Source:
The Fiscal Times
Why a $2T deficit and 5% yields threaten US economy
Higher long-term bond yields and a projected $2 trillion federal deficit are raising concerns about future U.S. debt stability. Rising interest rates have begun to impact the housing market and are driven by global factors such as geopolitical tensions and increased debt issuance for artificial intelligence investment. With divided government after upcoming midterms, prospects for meaningful fiscal reforms appear unlikely, leaving the nation's debt trajectory uncertain and potentially worsened by sustained high rates.
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