Trump's Election Impacts Debt
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government debtReuters
•Analysis-US fiscal strain looms as key challenge for newly elected Trump
80% Informative
The prospect of rising government debt levels as Trump 's odds improved in recent weeks helped send U.S. government bond yields higher.
A key hurdle for the new administration will likely be the reinstatement of the federal debt ceiling on Jan. 2 .
Debt limit disputes in the past have pushed the country to the brink of default and dented its credit rating.
The U.S. debt held by the public could nearly double over the next decade from $26 trillion at the end of last year .
The extension of the 2017 tax cuts would add around $4.5 trillion to those projections, the CBO has estimated.
PIMCO remains cautious on long-term bonds because of the risk of widening deficits and inflationary trade policies.
VR Score
91
Informative language
97
Neutral language
64
Article tone
formal
Language
English
Language complexity
62
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
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