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JD Vance says he's worried about a 'death spiral' in the US bond market. Here's what he's talking about.

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Vice Presidential candidate JD Vance worries about soaring interest rates sparking a "death spiral" in the US bond market that could ultimately "take down the finances of this country" Vance made the comments in a recent interview with conservative political commentator Tucker Carlson .

Vance 's concern stems from the fact that America 's servicing of its $35 trillion debt pile was the federal government's fourth largest expenditure in 2023 at $659 billion .