The elephant in the room: $10T in debt rolling from ~0% to ~5% within 12 months. Powell warns U.S. debt path is unsustainable

U.S. national debt hits a new record $38.5 T and interest now tops $1 T annually

The U.S. federal debt has climbed past $38.5 trillion and annual interest payments on that debt now exceed $1 trillion, showing that servicing cost is already consuming huge federal funds and will only rise as rates stay elevated.

https://www.mexc.co/news/397985