Borrowing Costs Soar Amid AI and Debt | Portland Maine News

Borrowing costs are surging, squeezing consumers and businesses alike as inflation fears and sky-high government debt collide with the AI boom’s insatiable cash appetite. Tech giants are snapping up billions to fuel data centers, competing with the Treasury for investor dollars—and pushing interest rates higher across the board. With national debt now over $40 trillion and interest payments alone exceeding defense spending, even Treasury Secretary Scott Bessent can’t calm the market’s rising yields. The ripple effect? Everything from mortgages to car loans is getting pricier—and the economic strain is only intensifying. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Sources:https://fox23maine.com/news/nation-world/yields-on-bonds-that-dictate-borrowing-cost-hit-highest-level-in-years-treasury-bonds-economy-inflation-scott-bessent-buybacks More coverage & latest updates:https://sources.thednn.ai/203c001f2b2aaff7 Report issues to [email protected].