Is the Trump Treasury panicking over the level of US debt?

With the federal deficit near 6% of GDP and the national debt over $40tn, Americas fiscal position looks increasingly precariousBessent will lose battle with bond markets, ex-mentor warnsAre we seeing the first signs of panic in Donald Trumps Treasury? The US is by far the worlds biggest debtor, and the steady rise in global long-term interest rates - which I have long argued was inevitable - is starting to cause real pain.Until now, the Treasury secretary, Scott Bessent, has dismissed concerns ...