Growing US debt burden spooks some bond investors as election looms

Bond investors are on edge about federal budget deficits that are expected to persist into the foreseeable future regardless of the outcome of this year’s presidential election.

Although President Joe Biden and his main challenger, former President Donald Trump, have each touted deficit reduction efforts in their respective administrations, budget forecasts from the nonpartisan Congressional Budget Office (CBO) project the deficit rising from about $1.6 trillion in 2024 to $2.6 trillion a decade