A U.S. ‘debt spiral’ could start soon as the interest rate on government borrowing is poised to exceed economic growth, budget watchdog says

A U.S. ‘debt spiral’ could start soon as the interest rate on government borrowing is poised to exceed economic growth, budget watchdog says

A U.S. debt spiral could be triggered as the government’s borrowing costs rise faster than the economy’s growth, with budget watchdogs warning that debt sustainability may deteriorate if interest rates stay high and growth slows.