CAPITAL FLOWS QUARTERLY, 2010 Q2 How Dangerous Is U.S. Government Debt? The Risks of a Sudden Spike in U.S. Interest Rates Francis E. Warnock June 2010 The Council on Foreign Relations (CFR) is an independent, nonpartisan membership organization, think tank, and publisher dedicated to being a resource for its members, government officials, business executives, journalists, educators and students, civic and religious leaders, and other interested citizens in order to help them better…
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