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Growing concerns over America's rising national debt, fueled by recent tax cuts, are impacting the bond market. Investors are increasingly wary of lending to the U.S., leading to market turmoil. The Trump administration's tax cuts, coupled with a lack of spending cuts, have exacerbated these fears. This uncertainty is influencing interest rates on various consumer and business debts, potentially increasing borrowing costs for Americans.

Prepared by Christopher Adams and reviewed by editorial team.