Reported about 5 hours ago
As Donald Trump prepares to take office for a second term, he confronts a staggering national debt exceeding $36 trillion and a bond market showing unusual trends. While his experience with debt as a businessman differs significantly from handling public debt, the rising long-term interest rates, likely driven by continued government borrowing, complicate his fiscal agenda. With Congress needing to raise the borrowing limit amid potential political battles and the threat of credit downgrades, Trump's proposals, including renewing tax cuts, face immense challenges amidst this economic backdrop.
Source: YAHOO