EconomyUS may be forced to take unpopular measures over mounting debt — WP
The Washington Post reports that US public debt has surpassed $40 trillion and authorities may have to take measures that provoke public discontent. The country pays about $1 trillion a year in interest, while 30-year Treasury yields have exceeded 5.27%. Experts warn that raising taxes or cutting spending could hurt growth; without reforms, debt could reach $50 trillion in six years.
US may be forced to take unpopular measures over mounting debt — WP