As the GOP tax and spending bill moves through Congress, questions about the U.S. debt have not gone away. Over the weekend, Treasury Secretary Scott Bessent said the U.S. would never default on its debt. But the U.S. doesn't have to actually default in order to lose the confidence of investors, who would in turn charge the U.S. more to borrow. Plus: Why Gen X is finding it harder to save for retirement.
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