Financing Government Debt is Getting Very Expensive

Elevated interest rates have triggered a surge in the cost of financing the US government debt. Interest expenses for the US federal budget in 2019 were $885 billion — pandemic stimulus spending catapulted that figure above $1.2 trillion. An era of highly constrained fiscal policy may be imminent.   Presented by ‪@cmegroup‬: www.cmegroup.com/openmarkets/economics.html?utm_so… -------- Subscribe to our YouTube channel: bit.ly/2TwO8Gm Subscribe to Bloomberg Originals: youtube.com/BloombergTV Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. Connect with us on… YouTube: youtube.com/user/Bloomberg Breaking News on YouTube: youtube.com/@BloombergQuicktakeNow Twitter: twitter.com/quicktake Facebook: www.facebook.com/quicktake Instagram: www.instagram.com/quicktake