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The U.S. federal debt hit a record $40 trillion this week. The debt has doubled since 2017, and just paying interest on the accumulated debt now costs the government more than $1 trillion a year.
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U.S. Treasury Secretary Scott Bessent has made waves this week with his plan to at least double his department's buybacks of longer-dated Treasury bonds.
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After months of slumber, digital currencies are waking up, with bitcoin and ethereum shooting higher on Thursday, as traders credited President Donald Trump's crypto-bill initiative and the disturbance in bond markets for helping to revive momentum in the hard-hit space.
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