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$40 trillion debt, $1.8 trillion deficit: Why US fiscal strain is worrying global markets
US fiscal deterioration is emerging as a growing risk for global markets, with rising Treasury yields potentially putting pressure on equities and limiting the Federal Reserve's room for manoeuvre, brokerage firm Jefferies said in its latest research report.
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aljazeera.com
US debt hits $40 trillion: Who does Washington owe and why does it matter?
Heavy borrowing, increased spending and tax cuts by Democratic and Republican administrations have long raised concern.
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financialpost.com
U.S. public debt hits US$40 trillion, raising ‘doom loop’ risk
U.S. public debt surpassed US$40 trillion as lawmakers shrug off calls to contend with historically wide fiscal deficits. Find out more here
