Page 21 - Borrowing Cost News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Electrolux says it will delay a it 50-million-dollar in tennessee. citing increases canada. renegotiate nafta. the massive north america free trade agreement. new concerns that new tariffs could further complicate already difficult negotiations. bret? >> bret: rich edson live at the state department. watchdog group is warning that trillion-dollar deficits are returning next year and 2 trillion-dollar deficits are not far off. the group says president trump's tax law, the new budget, and increased borrowing cost will add $6 trillion to the nation's already rapidly rising debt in the coming deca...

Important. >> slow that down, it was up 0.4%. >> in may. >> and then 2.1% over the past year. now, the federal reserve's inflation target is 2% and the fed actually doesn't even use the cpi when it's doing its calculations but use the personal consumption expenditure price index that's a slightly different calculation. that was up 1.6% over the past year. but regardless, both gauges are pointing to higher inflation and what we're seeing with the fed right now is they're starting to scale back that bond stimulus which helped spur economic growth and cause inflation so if inflation continues, th...

Unemployment. and it would disrupt marks. that's the short-term implications. as i said, the long-term implications, i think, are very severe. i think a default would to some extenl extent increase the u.s. borrowing costs. we'll be borrowing from the global markets for a very long time. any increase in our borrowing cost is a fiscally irresponsible thing to do. that'll even put more pressure on an already challenged budget that we have. >> so quickly, by that description, would you be willing to vote in favor of a short-term deal if it means avoiding this kind of financial crisis? >> i think ...

You mention the house finished legislative business for the day. a lot of house members are heading home. the senate is also in recess. some folks, some senators said they're going to stick around. we know house leadership is here. but this is going to seem outrageous, especially to people that are furloughed workers, for instance, ordered to stay home in the shutdown, or all the people worried about the consequences of a debt default. here we are a few days away, it is next thursday, and businesses big and small worry what it could do to borrowing cost. seniors, military troops wondering abou...

A hole, correct? right. >> we should as a country be very concerned about our borrowing cost. someone like myself who has been a very strong advocate for fiscal responsibility, i've been leading on entitlement reforms in my party and i have a strong view that we need to change the fiscal trajectory, but we should also be concerned about our borrowing costs because whether we like it or not we'll have borrowing costs in this country for a very long time and we should be very mindful of presenting ourselves as the terrific credit we have historically been. and these kind of actions clearly under...