Wall Street used to worry that too much U.S. debt would crowd out the private sector. But AI hyperscalers are 'reverse crowding' the Treasury

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Among the many potential downsides for letting the national debt get too high was that the federal government would suck up so much capital that businesses wouldn’t be left with enough.

Today, U.S. debt is at $40 trillion, the federal budget deficit is on track to reach $2 trillion this fiscal year, and debt servicing costs alone are $1 trillion a year.