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Treasury Interest Cost Will Soar Past $500B in the Months Ahead

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The Treasury increased the total debt by $69B in June. The Treasury continues to roll short-term Treasury Bills into longer-dated securities, allowing $148B in Bills to roll off the debt statement this month. Note: Non-Marketable consists almost entirely of debt the government owes to itself (e.g., debt owed to Social Security or public retirement) Figure: […]

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