Government borrowing binge could crowd out mortgages and business investment

• Private investment could suffer as investors increasingly allocate funds to finance the government rather than firms and consumers, Apollo chief economist Torsten Sløk has warned. This phenomenon, known as crowding out, could become a bigger problem as the cost of servicing the $37 trillion national debt increases. 

Wall Street seems increasingly antsy about how a ballooning federal deficit could weigh on both companies and consumers.

As the national debt grows faster...