For the first time, the US's net interest expense for the current fiscal year has exceeded $1 trillion, an 8.9% year-over-year increase, casting doubt on Treasury Secretary Scott Bessent's "grow out of debt" vision.
Economists predict U.S. GDP growth will fall far short of Scott Bessent's 3% target, according to Bloomberg, and the 10-year Treasury yield has surpassed 5%, a level rarely seen since the early 2000s. Multiple experts point out that even during periods of strong economic growth, growth has failed to curb debt expansion, suggesting that growth alone is insufficient to resolve debt issues.
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Source:华尔街见闻 · Source Link
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