President Joe Biden speaks on student debt relief in the Roosevelt Room of the White House, August 24, 2022.
US President Joe Biden discussing student debt relief at the White House in August 2023.
  • The US's ballooning debt burden is sparking concern on Wall Street.
  • The country is one of just 21 worldwide whose debt-to-GDP ratio exceeds 100%.
  • Concerns about deteriorating public finances have contributed to a meltdown in Treasury-bond prices the past few weeks.

The Treasury-bond rout that's rattled US markets this month is forcing investors to zero in on the government's spiraling debt.