With the federal deficit near 6% of GDP and the national debt over $40tn, America’s fiscal position looks increasingly precarious Bessent ‘will lose’ battle with bond markets, ex-mentor warns Are we seeing the first signs of panic in Donald Trump’s Treasury? The US is by far the world’s biggest ...
Source: [Guardian US](https://www.theguardian.com/business/2026/aug/26/is-the-trump-treasury-panicking-over-the-level-of-us-debt)