{"id":77901,"date":"2026-08-26T00:57:57","date_gmt":"2026-08-26T05:57:57","guid":{"rendered":"https:\/\/news2shorts.com\/index.php\/2026\/08\/26\/is-the-trump-treasury-panicking-over-the-level-of-us-debt\/"},"modified":"2026-08-26T00:57:57","modified_gmt":"2026-08-26T05:57:57","slug":"is-the-trump-treasury-panicking-over-the-level-of-us-debt","status":"publish","type":"post","link":"https:\/\/news2shorts.com\/index.php\/2026\/08\/26\/is-the-trump-treasury-panicking-over-the-level-of-us-debt\/","title":{"rendered":"Is the Trump Treasury panicking over the level of US debt?"},"content":{"rendered":"<p>With the federal deficit near 6% of GDP and the national debt over $40tn, America\u2019s fiscal position looks increasingly precarious<\/p>\n<ul>\n<li>\n<p><a href=\"https:\/\/www.theguardian.com\/business\/2026\/aug\/25\/us-treasury-scott-bessent-bond-buying-donald-trump-stanley-druckenmiller\">Bessent \u2018will lose\u2019 battle with bond markets, ex-mentor warns<\/a><\/p>\n<\/li>\n<\/ul>\n<p>Are we seeing the first signs of panic in Donald Trump\u2019s Treasury? The US is by far the world\u2019s biggest debtor, and the steady rise in global long-term interest rates \u2013 which I have <a href=\"https:\/\/www.aeaweb.org\/articles?id=10.1257\/aer.20221352\">long argued<\/a> was inevitable \u2013 is starting to cause real pain.<\/p>\n<p>Until now, the Treasury secretary, Scott Bessent, has dismissed concerns about US debt, which recently <a href=\"https:\/\/www.reuters.com\/world\/us-debt-crosses-40-trillion-threshold-after-doubling-under-trump-biden-2026-08-19\/\">surpassed $40tn<\/a>, as a big nothingburger. Growth, in his telling, will be so spectacular the US will easily be able to meet its interest obligations without any significant tax rises or spending cuts, while the rest of the world will happily keep feeding it money. But if Bessent really believes that, why is he trying to strong-arm the bond market by <a href=\"https:\/\/www.nytimes.com\/2026\/08\/20\/business\/treasury-bond-market-interventionist-tactics.html\">fiddling with the maturity structure<\/a> of government debt?<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/business\/2026\/aug\/26\/is-the-trump-treasury-panicking-over-the-level-of-us-debt\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the federal deficit near 6% of GDP and the national debt over $40tn, America\u2019s fiscal position looks increasingly precarious Bessent \u2018will lose\u2019 battle with bond markets, ex-mentor warns Are we seeing the first signs of panic in Donald Trump\u2019s Treasury? The US is by far the world\u2019s biggest debtor, and the steady rise in &#8230; <a title=\"Is the Trump Treasury panicking over the level of US debt?\" class=\"read-more\" href=\"https:\/\/news2shorts.com\/index.php\/2026\/08\/26\/is-the-trump-treasury-panicking-over-the-level-of-us-debt\/\" aria-label=\"Read more about Is the Trump Treasury panicking over the level of US debt?\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-77901","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/77901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=77901"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/77901\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=77901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=77901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=77901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}