The Wall Street Journal reported that a punishing bond selloff pushed the 30-year Treasury yield to a 19-year high while the benchmark 10-year yield approached 5%. For Americans already squeezed by rising living costs, the turmoil is another warning that Washington’s borrowing binge is becoming harder to ignore.

Republicans should make fiscal responsibility part of the affordability debate.

Recommended Stories

The $2 trillion time bomb: Congress can’t out-vote the clock

Balanced budget amendment fails to advance in House

CBO warns of ‘fiscal crisis’ as federal debt set to hit record by 2029