Why America Is About to Get More Expensive

The interest rates the United States has to pay for the bonds it sells to fund the government have been surging. This was once a niche obsession of financial markets, but it is swiftly evolving into a much broader issue, with implications that extend far beyond the immediate pain of steeper borrowing costs for households. Already, it has prompted the Treasury Department to intervene more forcefully in this key global market. Read Full Article »