US National Debt Nears $40 Trillion Mark
4 Articles
4 Articles
WASHINGTON D.C. For the first time in 30 years, the United States has implemented a bailout to keep its own interest rate down. At the same time, the country's debt mountain is growing higher and higher. The question is not if, but when it will become a problem.
$9 Trillion of US Debt is Due in 2026 — What Happens Next?
Last week the US Treasury sold euros to prop up the Japanese yen — the first intervention of its kind since the Asian financial crisis, and the ECB only found out afterwards. Why would America do something that strange? Because $9 trillion of US government debt matures in 2026, roughly a quarter of the national debt. But the rollover isn’t the real problem. The people holding that debt are largely captive buyers who have to reinvest. The real pr…
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