When Will the Bond Market Force Congress to Act?
- Aug 28, 2026
- 0:50
- Short
Rising long-term bond yields may be the signal that finally forces Washington to confront the deficit.
Jeremy Siegel, Wharton Emeritus Professor of Finance, explains why higher borrowing costs and the looming Social Security deadline could put real pressure on Congress to act. ABOUT THE PODCAST This Week in Business features interviews with Wharton faculty about the latest news, fascinating trends, and issues impacting both consumers and the business world. Episodes are recorded at the Wharton School and published twice per week.
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Brief Summary
US deficits and bond yields prompt urgent fiscal action.
Key points
- Congress and the Deficit. The speaker emphasizes that Congressional action on the deficit is only triggered by market pressures.
- Social Security Deadline. A looming deadline for Social Security funding creates urgency for fiscal action.
