Federal Reserve governor warns US deficit 'not sustainable' as Treasury bond demand weakens

Federal Reserve Governor Christopher Waller said Thursday that the financial markets have reacted to projected deficits under congressional Republicans' tax cut package by demanding higher interest rates on U.S. debt issued in the Treasury markets.

Waller spoke exclusively to FOX Business' Edward Lawrence on "Mornings with Maria" and said that the market thought the bill would do more in terms of paring back spending to reduce persistent budget deficits, but with deficits expected to widen if the bill becomes law...