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Here's why America's debt binge should worry Australians
Governments across the world are spending beyond their means. When America's national debt surged to $US40 trillion last week, it led to a bond market sell-off, which was countered by the US government. It's become an epic battle that could affect every Australian.
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timesofindia.indiatimes.com
$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…
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afr.com
Cut $60b spending to buffer a debt crisis Down Under
Bond markets are taking note of growing government debt, and Australia is entering this higher-risk environment less resilient than it could be.
