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20.08.26 - 04:12
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"Doom Loop" Engaged: US Debt Hits $40 Trillion As Treasury Enters The Endgame (ZeroHedge)
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"Doom Loop" Engaged: US Debt Hits $40 Trillion As Treasury Enters The Endgame
It took the US 200 years to reach its first $1 trillion in debt. It took 95 days to add its last.
After several weeks of build up, today the Treasury announced that total public debt surpassed $40 trillion for the first time, after jumping by over $60 billion in one day, and has now surged by $1 trillion in just over three months, and by a third of the total in less than five years, as US lawmakers continue to ignore calls to contend with historically wide fiscal deficits.
The largely expected news came just hours after Treasury Secretary Scott Bessent unexpectedly announced the Treasury's latest attempt to rein-in long-term borrowing costs from multi-year highs, the most important component of the growth in debt. The Treasury stunned the market when it said, just two weeks after the latest Refunding Announcement where it should have made this change, that it was ramping up the support for longer-dated ...
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19.08.26 - 22:31
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Trump plays down bond market fears, pushes interest rate cuts (The Hill)
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President Trump downplayed concerns around the bond market and called for lower interest rates during a meeting with cryptocurrency executives at the White House on Wednesday. “No, I don't think so,” Trump told reporters, in response to a question about whether Americans should be concerned about volatility in the bond market. “Our country is doing......
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