AxiosCenter·
The tab is coming due for America's borrowing binge
Americans are facing a rising tab as a multi-decade borrowing binge collides with a spike in energy prices caused by the Iran war. The big picture: Long-term interest rates are surging, as are consumer prices. It's a toxic mix of near-term inflation pressures and years of fiscal imbalance. Driving the news: The yield on the benchmark 10-year U.S. Treasury note rose to 4.97% Friday, up a full percentage point since the end of February, and only a hair below its high since 2007. The rate on a 30-…
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