US debt crosses $40 trillion threshold after doubling under Trump and Biden
Total U.S. debt has topped $40 trillion for the first time, the Treasury Department said on Wednesday, drawing fresh warnings that a fiscal crisis is
How the tariff war shock affected the ‘safe asset’ privilege of US Treasuries
US Treasury securities serve as the global safe asset due to their extreme safety and liquidity. However, the tariff shock in April 2025 led to
