When news broke last week that America’s national debt had surged to a record high of $US40 trillion, it was notable enough. If the US economy shakes, the rest of the globe feels it.

And then came the kicker: Donald Trump suggested he could use the military to stage an “intervention” on bond markets.

Today, international and political editor Peter Hartcher discusses the declining global confidence in the American dollar and the US Treasury – and what Trump will have to do to avoid a global financial crisis.

 

Background reading:
How is Trump weakening American power? Let me count the ways

 

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris, from the newsrooms ofThe Sydney Morning Herald andThe Age, weekdays from 5am.

If you enjoyed this episode and want to hear more, rate, review and subscribe onApple,Spotify,YouTube or whichever platform you find your pods.

When news broke last week that America&rsquo;s national debt had surged to a record high of $US40 trillion, it was notable enough. If the US economy shakes, the rest of the globe feels it.
And then came the kicker: Donald Trump suggested he could use the military to stage an &ldquo;intervention&rdquo; on bond markets.
Today, international and political editor Peter Hartcher discusses the declining global confidence in the American dollar and the US Treasury &ndash; and what Trump will have to do to avoid a global financial crisis.
&nbsp;
Background reading:
<ul>
<li><a href="https://www.smh.com.au/world/north-america/how-is-trump-weakening-american-power-let-me-count-the-ways-20260824-p60r4u.html">How is Trump weakening American power? Let me count the ways</a></li>
</ul>
&nbsp;
The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris, from the newsrooms of<a href="https://www.smh.com.au/"> The Sydney Morning Herald</a> and<a href="https://www.theage.com.au/"> The Age</a>, weekdays from 5am.
If you enjoyed this episode and want to hear more, rate, review and subscribe on<a href="https://podcasts.apple.com/au/channel/smh-the-age/id6442611511"> Apple</a>,<a href="https://open.spotify.com/show/1v0tWOA2mdi5WU9hvjJ3da?si=f4b8d7fafdf5495d"> Spotify</a>,<a href="https://www.youtube.com/playlist?list=PLrLulycax3584BxKI1ZqSySsouknCWiUa"> YouTube</a> or whichever platform you find your pods.

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

If you enjoy this podcast and want to hear more, please rate, review & subscribe on Apple, Spotify, YouTube or whichever platform you find your pods.

The Morning Edition&nbsp;brings you the story behind the story with the best journalists in Australia. Join host <a href="https://www.smh.com.au/by/samantha-selinger-morris-p4yvwp">Samantha Selinger-Morris</a> from the newsrooms of <a href="https://www.smh.com.au/">The Sydney Morning Herald</a> and <a href="https://www.theage.com.au/">The Age</a>, weekdays from 5am.
If you enjoy this podcast and want to hear more, please rate, review &amp; subscribe on <a href="https://podcasts.apple.com/au/channel/smh-the-age/id6442611511">Apple</a>,&nbsp;<a href="https://open.spotify.com/show/1v0tWOA2mdi5WU9hvjJ3da?si=f4b8d7fafdf5495d">Spotify</a>,&nbsp;<a href="https://www.youtube.com/playlist?list=PLrLulycax3584BxKI1ZqSySsouknCWiUa">YouTube</a>&nbsp;or whichever platform you&nbsp;find your pods.

Donald Trump’s ‘military intervention’ in the US economy

https://api.omny.fm/orgs/88b564ea-a9a6-4751-910a-a5d800019396/clips/8ce27dee-fda0-452d-92db-b4b20070549f/transcript