How Tariffs Rewire Federal Borrowing Costs

The National Debt Podcast with Fexingo: Treasury, Borrowing, and Long-Term Fiscal Outlook · Oct 9, 2026 · 10m · transcript

Lucas and Luna explore how recent tariff implementations are quietly reshaping the federal deficit, turning consumer price shocks into long-term Treasury borrowing pressures. With the ten-year Treasury yield at 5.22 percent and total federal debt exceeding thirty-nine point four trillion dollars, they analyze the direct link between import taxes, inflation persistence, and interest compounding. This episode breaks down why the September deficit print of minus one point seven seven trillion dollars matters more than you think, and what it means for your portfolio in a high-debt era…