Source: Washington Post
by Matthew Lynn
“The price that the U.S. government has to pay to borrow money for 30 years has already punched through 5 percent a year, its highest level since the financial crisis of 2007. For 10-year money, the annual price is 4.6 percent and climbing. Amid all the noise about the rise of artificial intelligence and the booming space economy, something far more significant is happening in the financial markets. The cost of borrowing is being reset. And that raises some intriguing questions. Could the politics of deficit reduction stage a comeback? And are voters in any mood to pay attention if it does?” (06/05/26)