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Wall Street Mav
@WallStreetMav
Finance, economics, news, memes. Follow and Tap the .... (🔔 +Notify)
Joined March 2021
866 Following    1.7M Followers
Interest rates are rising. The US govt has to refinance $10 trillion per year in maturing debt at the new higher interest rates, plus sell $2 trillion of new debt to pay for the budget deficits. $1.4 trillion in interest payments for 2027, about 25% of all govt revenue.
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Another day, another record high, now $40.284 trillion