U.S. Treasury Secretary: High interest rates are testing U.S. debt

Golden Finance reports that U.S. Treasury Secretary Yellen said the prospect of interest rates remaining high in the long term makes it more difficult to control U.S. borrowing needs, highlighting the importance of focusing on increasing fiscal revenue in budget negotiations with Republican lawmakers. . "We have raised our interest rate forecasts, and that does have an impact. It makes it more challenging to keep the deficit and interest payments under control," Yellen said. She reiterated her emphasis on inflation-adjusted interest payments relative to GDP. Ratio indicator. The rate has risen over the past year, but the White House expects it to stabilize at around 1.3% over the next decade. "I don't have a hard and fast rule, but I don't want to see it go above 2%," she said. This is her most explicit comment yet on this metric.