US Braces for Refinancing Half its Debt in 2 Years as Interest Rates Surge to 5%

The US will need to refinance almost half of its national debt in less than 2 years. Let’s not forget that interest rates were at 0% just 15 months ago. Wait until these debt instruments need to be rolled over at 5% rates.

The U.S. credit rating outlook was lowered from “stable” to “negative” this week by Moody’s Investors Services as another government shutdown looms.

h/t theSilverVigilante