Are decades out cascading federal debt at low interest rates now colliding with increasing interest rates? Discretionary funding impacts are not covered in this article. But should be a significant concern that will have to be addressed if interest rates stay high and federal revenues remain below budget balancing levels. I hope Greece is not saying hello here. Thought? Realistic solutions? Just cutting discretionary spending isn’t a solution - too small an amount and whose ox is gored. Higher taxes on the rich and big corporations tough call - the will to raise them isn’t there right now.
stocks.apple.com
Why questions are swirling about who will buy most of the U.S.’s $31 trillion in debt — and at what price — MarketWatch
For the first time ever, U.S. national debt crossed above $31 trillion this month, at a time when the Federal Reserve is in retreat from buying government debt and foreign investors’ interest in it is waning. With the largest players out of the picture, Treasurys are now in search of another...
