The combination of high levels of debt and higher interest rates has pushed the annualized interest cost of government debt past $1 trillion, an analysis from Bloomberg showed Tuesday.
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Tag Archives: U.S. Debt Limit
Kevin McCarthy And Joe Biden Agree To Negotiate Debt Limit
President Joe Biden on Monday finally requested that House Speaker Kevin McCarthy (R-CA) negotiate the debt limit during a meeting to be held on May 9 to avoid default, a move that contradicted the White House’s previous official position.
Read More: Breitbart