The drip-drip US debt crisis
Rising deficits and debt-servicing costs no longer seem to have the power to restore prudence
Rising deficits and debt-servicing costs no longer seem to have the power to restore prudence
BELLINGS Intelligence Score: 62
Why it matters
The ongoing US debt crisis, characterized by rising deficits and debt-servicing costs that fail to prompt fiscal prudence, signals a significant monetary-policy and fiscal sustainability concern with broad implications for credit markets and borrowing costs.
Sources
Financial Times
The drip-drip US debt crisis
Rising deficits and debt-servicing costs no longer seem to have the power to restore prudence