Congress, masters of fiscal responsibility, conveniently forgets the minor detail of rolling over $7.5 trillion debt.

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$7.6 trillion of US government debt will mature in the next year, adding pressure on rates

  • A whopping $7.6 trillion in interest-bearing US public debt will mature within a year, Apollo’s chief economist said in September.
  • That represents 31% of all outstanding US government debt, adding upward pressure on rates.
  • That’s still below 2020, when debt maturing within a year made up a significantly larger share.
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