Jumpy bond markets make it clear: Trump risks driving US into debt crisis | Heather Stewart
Posted by PolicyWire
Treasury secretary Scott Bessent’s attempt to calm bond markets is a sign of weakness not strength“Look, there’s nothing magic about that $40tn number,” the US Treasury secretary, Scott Bessent, told CNBC insouciantly last week, as the country’s debt mountain surpassed another bleak record.Yet Besse