Borrowing Costs Rise Again: The Short Lived Respite and What it Means for the US Economy The recent attempt by the Treasury Department to lower borrowing costs has proven short lived.
Long term rates have risen again, despite a significant intervention, marking the latest in a series of alarming indicators that suggest the US economy is facing a perfect storm of high inflation, increasing national debt, and volatile global markets.
Government spending has significantly contributed to the nation's growing debt burden.