There’s a Secret Third Path to Cut US Debt: Kathryn Anne Edwards

The US deficit has reached $1.97 trillion and is on track to pass 6% of gross domestic product this fiscal year, the latest milestone in a remarkable deterioration of the federal budget. With national debt at a record $40 trillion, the feeling that the music must stop at some point has jittery market watchers zeroed in on a jittery bond market.