US debt is nearing $40 trillion, yet financing costs have hit a 25-year high! What is this $40 trillion truly constraining? It's not the Federal Reserve's short-term policy space, but rather this area you most easily overlook! Click to see a detailed

2026-08-15

US debt is nearing $40 trillion, yet financing costs have hit a 25-year high! What is this $40 trillion truly constraining? It's not the Federal Reserve's short-term policy space, but rather this area you most easily overlook! Click to see a detailed breakdown.