Debt, Yields and a Looming Funding Test: Top Economist Sounds the Alarm

A Brookings economist warns that U.S. debt has surged toward $40 trillion and that long-term yields are climbing despite mixed data, signaling a funding strain as traditional buyers retreat and deficits balloon toward about $2 trillion annually; with policy moves like debt buybacks and the inflation fight, analysts dispute whether higher yields reflect a stronger economy or an unsustainable debt path.