US EditionTHE US SOVEREIGN DEBT CRISIS IS RAPIDLY SPREADING TO WESTERN ECONOMIES
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— The Economist Over the past year, the US government borrowed $2 trillion, or 6.9% of GDP, and then Trump further increased the debt ceiling, the British newspaper The Economist reports. The yield on US government bonds remains above 5%, which reduces their value. Investors are losing confidence in US government debt. The US sovereign debt crisis has begun to spread rapidly to Western markets: 5.5% — UK government bond yield — the highest since…
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