U.S. 30-year borrowing costs have climbed to their highest since 2001, sharpening scrutiny of Washington’s fiscal path and the dollar’s reserve-currency standin

U.S. 30-year borrowing costs have climbed to their highest since 2001, sharpening scrutiny of Washington’s fiscal path and the dollar’s reserve-currency standing. Mario Nawfal notes federal interest costs hit a record $1.38 trillion, or 4.2% of GDP.