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Rates hit their highest peaks in 11 years as US debt balloons to $652 billion
During the first nine months of the current fiscal year, the cost of servicing US government debt rose 25% to $652 billion. According to Treasury Department data released Thursday, the federal deficit reached $1.39 trillion during the nine months through June, up 170% from a year ago.
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Uploaded on July 15, 2023
Rates hit their highest peaks in 11 years as US debt balloons to $652 billion
During the first nine months of the current fiscal year, the cost of servicing US government debt rose 25% to $652 billion. According to Treasury Department data released Thursday, the federal deficit reached $1.39 trillion during the nine months through June, up 170% from a year ago.
39
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Uploaded on July 15, 2023