U.S. One dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS/Dado Ruvic/Illustration/File Photo ORLANDO, Florida, Aug 14 (Reuters) – In five years’ time the U.S. government’s annual interest bill on its debt is projected to reach $1 trillion, or 3% of GDP – impending fiscal catastrophe, as the first figure might imply, or manageable burden, as the second one indicates?
U.S. debt sustainability is back in the spotlight after Fitch downgraded the U.S. credit rating this month. High interest rates and bond yields are increasing the amount Washington must pay to […]
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