Government debt has sparked a debate between economists. Some say the bill is falling due, something bad will happen if debt isn't cut. Others argue government finances aren't like household finances -governments control the money printing machine and deficits can be useful

The US, which has a massive deficit and unsustainable debt profiles, is at the heart of this issue. The big question is: when do the bond vigilantes act against the US?

The bond market and the so-called 'bond vigilantes' have been the ultimate arbiter of fiscal responsibility. Some warn the bond vigilantes could be making a comeback

Governments live in fear of pushing the bond market too far. No country wants its own 'Liz Truss moment' because it hits the average household in the pocket