US midterm elections unlikely to resolve fiscal predicament! Debt scale tops $40 trillion as Wall Street worries the U.S. Treasury market may remain under pressure

Zhitong Finance APP has learned that as the U.S. midterm elections approach, investors are closely watching possible changes in control of Congress, but Wall Street generally believes that whether Republicans continue to control Congress or Democrats win a majority of seats, the deteriorating U.S. fiscal condition will be difficult to fundamentally improve. With federal debt exceeding $40 trillion and fiscal deficits remaining persistently high, the U.S. government's borrowing needs in the coming years are expected to remain elevated, putting continued pressure on the U.S. Treasury market.