Borrowing Costs Are Soaring

NBC News: “A record national debt. A rapidly ballooning deficit. Interest payments on track to surpass Medicare as the government’s greatest expense. None of it seems to matter much in Washington, where President Donald Trump and the Republican-controlled Congress have enacted an agenda that adds trillions of dollars to the national debt, with upcoming legislative plans that would pile on even more red ink.”

“But it should matter to consumers, because it means that in the coming years they will be paying more for everything from credit cards to cars to mortgages.”