US debt interest could reach 4% of GDP as bond markets discipline borrowers
Photo: TokenPost
US debt interest costs could climb to 4% of gross domestic product by the end of the 2020s, strengthening bond investors’ bargaining power and the market discipline imposed on borrowers amid a global borrowing surge. The rising burden could force the next US president into an unusual policy decision, such as raising taxes or adjusting spending. Competition for capital is also likely to give bond investors greater influence over financing terms. In an Oct.
Source: TokenPost
