Cut spending to curb runaway borrowing costs, Goldman's Gutman tells governments

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A more stable political and fiscal environment, including lower government spending and stronger economic growth, is necessary to contain the jump in borrowing costs, Anthony Gutman, co-CEO of Goldman Sachs International, said on Monday (5/10). In more detail, speaking to CNBC, Gatman said that the rise in government bond yields is a challenge across the western world, highlighting recent market turbulence in US government bonds and French gover…