Summary List Placement

The swelling national debt isn’t the Biden administration’s top priority, and it may not be economists’ either. The White House’s embrace of big spending has touched off a rampant debate among economists, but in a sign that the debt is yesterday’s economic news, inflation is the major point of contention.

But how much debt really is too much? UBS economists are trying to get to the bottom of the matter, and the answer has to do with the Treasurys that have been moving higher in the early months of the Biden era on inflation concerns.

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