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Will Credit Downgrades Spur Greater Interest in a BRAC-like Fiscal Commission?

Cato Daily Podcast

CHAPTER

The Unfunded Obligations of the US Government

Despite our unsustainable fiscal situation, the United States continues to enjoy fairly low interest rates on treasury bonds. The US dollar is used in about 90% of global transactions and still is the primary reserve currency. As long as there isn't a suitable competitor, the US will continue to enjoy low interest rates and high dollar demand.

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