The CRFB’s warning landed at a moment of particular volatility. Long-term Treasury yields remain elevated—over 4% on ten-year notes and approaching 5% on 30-year bonds—while inflation lingers above the Federal Reserve’s 2% target. Congress is simultaneously debating sweeping tax and spending changes that the CRFB and other fiscal watchdogs warn could add further trillions to the debt.
Speaking to the London Assembly, the City of London Police said some 40% of fraud victims nationally are in the capital, with the Met Police suggesting this includes 60% of all courier fraud cases..
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