The US will be 'drowning in debt' over the next 30 years as interest costs rise
this year, the CBO estimated, with total interest payments on the debt potentially mounting to $10.6 trillion over the next 10 years.
Rising debt servicing costs pose trouble for markets and economy. Historically, national debt servicing costs exceeding 14% of national revenue leads to a"," Glenmede said in a previous note, which could weigh on the economy and corporate profits. Stocks and the economy are already on shaky footing as high rates tighten financial conditions and raise the risk of recession. Though more economists are warming up to the possibility of a soft-landing, the New York Fed has priced in a
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Incandescent light bulb ban: What you need to know as new rule takes effectAmerica's ban on incandescent light bulbs, 16 years in the making, is finally a reality. Well, mostly.
Lire la suite »
What you need to know before you vote in Ohio’s special electionIf you are voting by mail, it has to be postmarked on or before Aug. 7.
Lire la suite »
The Only Gift Guide for a 2-Year-Old You’ll Ever NeedAccording to child psychologists, discerning parents, and toy historians.
Lire la suite »
Vets need more than government programsA new program called Face the Fight seeks to fill in the gaps in veteran support by providing a network of services through different corporations and...
Lire la suite »
UK Green Subsidies Need Revamp to Meet Net Zero, SSE CEO SaysThe UK may need to overhaul its renewable energy subsidy auctions to deliver on its net zero target, according to the head of utility SSE PLC.
Lire la suite »
Incandescent light bulb ban: What you need to know as new rule takes effectAmerica's ban on incandescent light bulbs, 16 years in the making, is finally a reality. Well, mostly.
Lire la suite »