News about debt

Interest Payments on Federal Government Debt were 3.75% of GDP in the 1st quarter, the highest % since 1998. There seems to be no urgency in doing anything to reverse this trend which is precisely why it's likely to go much higher. creativeplanning.com/charlie/ pic.twitter.com/3xA7rKprrz

The Interest Expense on US Public Debt hit $1.08 trillion over the last 12 months, another record high. With interest rates likely to remain higher for longer and National Debt fast approaching $35 trillion, this will continue to escalate. bilello.blog/newsletter pic.twitter.com/Qx6BEemAnm

Federal debt was down slightly yesterday, largely b/c Yellen burned through another $17 billion in cash - the debt would be $100 billion larger and at a new record high w/o this cash drain; it's concealing the true size of the ongoing deficit: pic.twitter.com/41kAb35rzM

Federal debt breaks $34.7 trillion for the 1st time ever, exploding by $37 billion yesterday alone: pic.twitter.com/ftrk0eVsFe