US debt is increasingly at the mercy of the market as interest costs surge as debt ceiling looms - Fortune

US debt is increasingly at the mercy of the market as interest costs surge as debt ceiling looms - Fortune

Source: Fortune

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DW NOTE

The US government is borrowing $1.4 trillion a year with the 10-year yield at 5.24% and rising. Every 100 basis points now costs an extra $350 billion in annual interest before a single new programme is funded. The debt ceiling isn't a negotiating position anymore — it's a repricing event.

Read the full story at Fortune →