Saturday, December 14, 2024

Tag: Annualized Interest Up $230B or 75% Since Last Year

Annualized Interest Up $230B or 75% Since Last Year

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    by Peter Schiff, Schiff Gold:

    Similar to last month, the Treasury is using extraordinary measures to keep the total debt balance below the current debt ceiling.

    The big moves this month were rolling off $150B in Non-Marketable security to allow $120B in T-Bills to be added to the debt. With all the moves, the total effect on the debt was to add only $4B.

    Note: Non-Marketable consists almost entirely of debt the government owes to itself (e.g., debt owed to Social Security or public retirement)