Scott Bessant will face three trillion dollars in deficits, and nobody willing to purchase US securities to cover the shortfall. Military coup?

@Crazywaterspring traditionally they don't need to pay. Foreign governments and international corporations buy US treasuries, essentially covering the deficit with cash. Now they've stopped.

@Roundandroundwego That is already being reflected in US government bonds.

@Crazywaterspring yes, all securities. The rest of the world somehow seems less afraid of de dolarization than they are of supporting the US in war.