The Bond Market Just Sent Trump a $1.25 Trillion Interest Bill
30-year yields are back at 5.26%, the highest since 2007, as Washington's annual interest bill tops $1.25 trillion.
The government now pays over $1 trillion a year just in interest on money it borrowed, like a giant credit card bill. When interest costs this much, it means less money for schools and roads, so watch if this makes people worry about America's finances.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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