Interest on US debt is a top driver of future deficits, as past borrowing overwhelms fiscal outlook - Fortune
business 2026/05/02 19:27:00

Interest on US debt is a top driver of future deficits, as past borrowing overwhelms fiscal outlook - Fortune

Source:Fortune
Author:Jason Ma

“In a ‘Fiscal Dominance’ regime, the Fed’s ability to aggressively hike rates to curb inflation is constrained, as doing so risks a fiscal or financial crisis.”