The US Faces Rising Debt Costs as Interest on Debt Could Rival Social Security and US Companies Could Face a $380B Crisis
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#16cb443d ver:0.18
The US is facing rising debt costs as interest on the debt could rival Social Security, with the Federal Reserve posting its biggest operating loss due to higher interest rates. The national debt has soared to $34.5 trillion, surpassing spending on defense and Medicare. Companies in the US that refinance between 2024 and 2030 could pay an additional $381 billion in interest costs. The combination of increasing debt and the rollover effect is causing the debt cost to rise. The US government must address spending cuts and tax rises to avoid a fiscal calamity and lower living standards. #USdebt #interestcosts #FederalReserve #economy...
#newstr #FederalReserve #InterestRates #UsEconomy #PublicDebt #NationalDebt #InterestCosts #DefenseSpending #Medicare #UsCompanies #Refinancing #BorrowingRates #DefaultRates #FinancialExecutives #Inflation #HiringFreeze
https://here.news/story/16cb443d?ver=0.18
The Federal Reserve, Public Debt, and the Impact of Monetary Policies on the US Economy /
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2024-05-30 11:03:09
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2024-05-30 11:03:09Event JSON
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"content": "The US Faces Rising Debt Costs as Interest on Debt Could Rival Social Security and US Companies Could Face a $380B Crisis\n===============\t\n#16cb443d ver:0.18\n\nThe US is facing rising debt costs as interest on the debt could rival Social Security, with the Federal Reserve posting its biggest operating loss due to higher interest rates. The national debt has soared to $34.5 trillion, surpassing spending on defense and Medicare. Companies in the US that refinance between 2024 and 2030 could pay an additional $381 billion in interest costs. The combination of increasing debt and the rollover effect is causing the debt cost to rise. The US government must address spending cuts and tax rises to avoid a fiscal calamity and lower living standards. #USdebt #interestcosts #FederalReserve #economy...\n\n#newstr #FederalReserve #InterestRates #UsEconomy #PublicDebt #NationalDebt #InterestCosts #DefenseSpending #Medicare #UsCompanies #Refinancing #BorrowingRates #DefaultRates #FinancialExecutives #Inflation #HiringFreeze \n\n https://here.news/story/16cb443d?ver=0.18",
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