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Analysis: U.S. tax bill adds to debt need as interest costs weigh


By Karen Brettell(Reuters) - A U.S. tax overhaul will increase the government's need to issue more Treasuries as interest costs on the country's debt become a larger drain on the budget.The U.S. Senate on Saturday approved a tax rewrite, which the Congressional Budget Office has estimated would double the deficit over the coming decade to around $2.8 trillion.That would add to the worsening debt outlook, which is already hurt as an aging population boosts healthcare and retirement spending.Increases in issuance could push up bond yields, adding to the cost of carrying the debt. "The debt ...

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First Published: Tue, December 05 2017. 22:52 IST