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The big recession risk that no one is talking about

The recent turmoil in the U.K. shows the risks and challenges for policymakers grappling with how to respond to simultaneously soaring prices, rising debt and flagging growth.

By KATE DAVIDSON, Politico

President Joe Biden is cheering a record plunge in the federal budget deficit, but the numbers belie a troubling trend that could come back to haunt him: The cost of government debt is skyrocketing.

The Federal Reserve’s relentless campaign to crank up interest rates to kill the worst inflation in four decades is also driving up debt costs…

Keep reading here >

Image by Tibor Janosi Mozes from Pixabay 

This post was originally published on this site

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