US Fiscal Worries Grow Ahead of Midterms
US fiscal deterioration worries investors as national debt tops forty trillion dollars. Markets see few solutions regardless of the midterm election outcome. Persistent budget deficits continue to drive heavy debt issuance.
The United States national debt has crossed $40 trillion, driving fiscal worries that weigh heavily on investor confidence in Treasuries as midterms loom. Persistent deficits are fueling expectations of heavier debt issuance in the years ahead. This fiscal deterioration creates ongoing challenges for bond markets regardless of which political party wins control of Congress.
