The tab is coming due for America's borrowing binge
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What happened
Americans are facing a rising tab as a multi-decade borrowing binge collides with a spike in energy prices caused by the Iran war. The big picture: Long-term interest rates are surging, as are consumer prices. It's a toxic mix of near-term inflation pressures and years of fiscal imbalance. Driving the news: The yield on the benchmark 10-year U.S. Treasury note rose to 4.97% Friday, up a full percentage point since t…
Summary assembled by rule from the sources below