When the government pays more on its debt, so do you

In anticipation of more rate hikes by the Federal Reserve this week, the yield on the 10-year Treasury note finished at the highest it’s been in more than a decade. In today’s episode, we’ll break down what a higher interest rate on the government’s debt means for everyday Americans, from higher rates on personal loans to a potential hiring slowdown. Plus, home prices still won’t come down, and many Puerto Ricans are without flood insurance.