Washington Policy Watch

Federal Debt Tops $40T, Treasury Intervenes in Bond Market

Federal Debt Tops $40T, Treasury Intervenes in Bond Market

Debt reaches $40T milestone; Treasury doubles buybacks to suppress surging yields; Fed minutes show growing support for rate hikes. Bond market stress intensifies amid fiscal and inflation concerns. Bessent signals further buyback expansion.

Sources (2)
Updated Aug 22, 2026