America's debt is getting more expensive
<p>Governments around the world are entering a new era of <a href="https://www.axios.com/2026/08/18/global-rates-japan-britain" target="_blank">higher borrowing costs</a> already <a href="https://www.axios.com/2026/05/26/inflation-debt-oil-bonds" target="_blank">deeply indebted</a>. The nonpartisan agency projects that will rise to 120% in 10 years.</p><ul><li>The situation unfolds in relatively good economic times. A recession would mean weaker revenues and likely more spending to support the...
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