via US news | The Guardian — With the federal deficit near 6% of GDP and the national debt over $40tn, America’s fiscal position looks increasingly precarious Bessent ‘will lose’ battle with bond markets, ex-mentor warns Are we seeing the first signs of panic in Donald Trump’s Treasury? The US is by far the world’s biggest debtor, and the steady rise in global long-term interest rates – which I have long argued was inevitable – is starting to cause real pain. Until now, the Treasury secretary, Scott Bessent, has dismissed c

The Trump Treasury is now taking donations from Americans who want to help pay down the US national debt, which is now at yet another all-time high of $39