Jessica Riedl
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Higher borrowing costs raise economic and political stakes for Trump
US President Donald Trump faces renewed pressure from rising US borrowing costs as investors price in inflation risks linked to the Iran conflict, tariffs and concerns over long-term government debt. The world is getting more uptight about lending money to President Donald Trump's government — causing interest rates to climb in ways that are worsening affordability pressures, hampering economic growth and creating a new risk for Republicans in November's midterm elections. The rise in energy...