Scott Bessent's Bond Plan 'Won't Work,' Citi Economist Says: US Fiscal Position Is 'Absolutely Out of Control'
Citi economist Nathan Sheets says Bessent’s buyback plan won’t work as the U.S. fiscal position remains ‘absolutely out of control.’
A money expert says the U.S. government is spending way more money than it makes, and one plan to fix it probably won't help much. This makes people wonder if bonds (IOUs the government sells) will stay safe or get riskier.
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