US Pays Highest Yield on 30-Year Debt in Quarter of a Century

The U.S. Treasury sold 30-year bonds on Thursday at the highest yield since 2001. Patrick McHenry, former Republican congressman from North Carolina and former House Financial Services Committee chairman, said the sale represents a "wake up sign" for the country on government debt and deficit. McHenry stated that the government needs to take action on overspending, with change beginning when the American people raise the issue.

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