High US debt will let bond market 'run the country': GOP congressman

Rep. David Schweikert (R-Ariz.) said Wednesday that the growing U.S. national debt will make the government more vulnerable to being pressured by the bond market, allowing it to effectively “run the country.” 

“Look, we're on the cusp of deciding that the world debt markets will run the country. I mean, let's be brutally honest. I don't think the equity markets are as good a tell,” Schweikert, who sits on the House Ways and Means Committee, said during The Hill’s “Invest in America” event Wednesday.