‘Starve the beast’? The $40tn cost of Republicans’ false promises to cut spending

The Trump administration's policies have led to a significant increase in the US government debt, which now stands at a staggering $40 trillion. This enormous debt will likely cause turmoil in the bond markets, making it difficult for the next administration to manage the country's finances. The consequences of this debt will be felt for years to come, limiting the options available to policymakers and potentially hindering economic growth.

Why it matters

The Trump administration's spending promises are causing turmoil in the US economy. This could lead to increased debt and economic instability.

Market impact

Markets & countries in focus

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Likely winners & losers

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