The U.S. government plans to crack down on its $40 trillion debt — but brace for a ‘wrenching time’ ahead

Why it matters

The U.S. government's plan to crack down on its $40 trillion debt signals a significant regulatory and fiscal policy development with broad systemic implications for credit markets, borrowing costs, and government financing strategies, likely affecting all sophisticated credit professionals over a durable horizon.

Sources

• MarketWatch

  The U.S. government plans to crack down on its $40 trillion debt — but brace for a ‘wrenching time’ ahead

  Washington has no shortage of options. None are easy.