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As debt surpasses $40 trillion, the bill for Washington spending comes due The Washington PostOpinion | $40 Trillion Debt? The Ancient Sumerians Wouldn't Have Cared. The New York TimesVance: Bessent has ‘very discreet plan' to shrink $40 trillion national debt The HillBessent says there's a 'very good chance' U.S. budget deficit under Trump has peaked CNBC
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The Economy Got Used to Low Borrowing Costs. Their Exit Could Pose Risks. The New York TimesWhy the bond market is flexing its muscles, and why everyone needs to care AP NewsGlobal bond yields are surging. Here's why it matters CNNDefending the Bonds Paul Krugman | SubstackThe bond market is signaling trouble ahead. This is why you should pay attention NPR
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The surprising move this week by Treasury Secretary Scott Bessent to intervene in Treasury markets to lower the cost of government debt undercuts the credibility of Federal Reserve Chairman Kevin Warsh to make interest-rate policy, experts said.
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U.S. and Canadian officials were engaged in additional talks on Friday. Details about what's in their new trade deal have trickled out.
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