Just a few short months ago, investors weren’t really showing up for bond auctions.

Peter G. Peterson Foundation is a nonpartisan organization dedicated to raising awareness and accelerating action on America’s fiscal challenges to build a brighter economic future for the next generation. Learn more at PGPF.org

The Congressional Budget Office estimated that if the House bill were to pass as written, the deficit would increase by almost $3 trillion.

The House version of the legislation would add $2.4 trillion to the deficit over a decade.

The outcome of the auction will tell us something about how expensive borrowing will be for the government — and for the rest of us.

It has to do with what he considers a troubling trend in U.S. government debt.

Or at least talking about it.

That low interest rate period before the pandemic was unusual. We’re probably headed in the other direction.

To attract buyers for the bonds that will finance that deficit, the federal government will have to pay higher interest rates.

Proposed policies in the bill would impact health savings accounts, college savings accounts, taxes on overtime and tips, and more.