U.S. debt is so massive, interest costs alone are now $3 billion a day
Sep 07, 2024
"If the Fed cuts interest rates by 1%-point and the entire yield curve declines by 1%-point, then daily interest expenses will decline from $3 billion per day to $2.5 billion per day." Read More
https://fortune.com/2024/09/07/us-debt-crisis-daily-interest-expense-3-billion-fed-rate-cuts/
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