Category: Semafor

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Rising US debt levels threaten to curtail domestic and foreign powerRising US debt levels threaten to curtail domestic and foreign power

US debt levels are reaching levels that will soon curtail Washington’s domestic room for maneuver and its geopolitical heft, analysts warned. Though extreme scenarios like a default are seen as highly unlikely, authorities will eventually have to cut spending or raise taxes, which likely “means higher costs of living for ...