Saturday, 22 August 2026
President Trump’s promises to restore fiscal order and reduce the amount of America’s debt burden have been undercut by spending on the Iran war, tax cuts and tariff refunds.
Headline and excerpt published by New York Times. The full article is on their site.
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Read the full story at New York TimesHigher U.S. debt and sustained deficits raise long-term borrowing costs and inflation expectations, affecting discount rates, refinancing costs, and real asset values across the economy.
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