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Rising Rates and Deficit Dreams
Published 5 days, 11 hours ago
Description
Energy prices are driving up Treasury rates, making mortgages costlier and slowing car sales, while President Trump pushes a deficit-cutting agenda centered on tariffs, fees, and fraud crackdowns — but economists warn these won’t curb ballooning debt costs, which now exceed a trillion annually, risking deficits over four trillion by 2034, even as markets climb, hinting investors may force fiscal action before voters do.
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