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The U.S. economy is running hot and stuck on a hamster wheel as GDP growth must outpace borrowing costs—or risk getting sucked into a debt spiral

MAP Verified Summary — reported by Fortune

"With interest rates on new Treasury bonds and notes at around 5% and medium-term nominal economic growth expected to be closer to 4%, the U.S. is entering a debt spiral."

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Original Source

This article was syndicated from Fortune. All rights remain with the original publisher.