The Treasury Department is being accused of trying to juice the economy, per Axios.
"Short-term debt is becoming a rising share of all outstanding debt, while the share of long-term debt, like 10-year or 30-year bonds, stays flat."
— unusual_whales (@unusual_whales) August 13, 2024
We spent 33% more on servicing the federal debt than on all military spending in Jul – the debt is a national security crisis: pic.twitter.com/hPqyix1SeG
— E.J. Antoni, Ph.D. (@RealEJAntoni) August 12, 2024
Federal Government Interest Payments Rise
The latest data on federal government interest payments reveals a concerning trend for U.S. fiscal health.
As of April 2024, the annualized interest payments reached a staggering $1,089.09 billion, marking a significant increase both… pic.twitter.com/KrLGBk1cQh
— Reef Insights (@ReefInsights) August 13, 2024