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