A long period of higher interest rates would make the government’s large debt pile costly, a possibility that is fueling a conversation about debt sustainability.
Federal Reserve officials forecast higher interest rates through 2026 this week, a sign that borrowing costs are not heading back to the rock-bottom levels normal before the pandemic.
Jeff Miller is the new House speaker’s top fund-raiser and closest confidant. He is also one of Washington’s most prominent corporate lobbyists, an arrangement that is drawing scrutiny.