Borrowed Time: The New Math of the US Federal Debt Crisis

In this paper, we discuss:

• Why rising US debt servicing costs have become a growing political and economic constraint;
• How higher interest rates are crowding out public spending and limiting fiscal policy flexibility;
• Why elevated Treasury yields are increasingly influencing government decision-making and market sentiment;
• How persistent deficits and mounting debt threaten the long-term sustainability of US public finances;
• Why growing debt burdens and higher borrowing costs are reshaping the outlook for the US economy and fiscal policy.

Download PDF: Debt Crisis – June 2026