Published Sep 20, 2026, 5:37 PM ET · Updated 2 months ago · 1 source
US debt spiral: short-term borrowing reprices $1T of debt at Fed-set rates
X
·
Original Report
The US economy is trapped in a debt spiral because Bessent is borrowing short to keep long-term rates down, but the short rate is controlled by the Fed, so roughly $1 trillion of Treasury bills will reprice upward every few months at whatever rate the Fed sets.