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LETTER: Remember when Obama said he didn’t need Congress to cut spending?

  • The 10-year interest rate has decreased by half a percentage point, dropping from approximately 4.8% to 4.3%.
  • The Department of Government Efficiency has cut about $52 billion and aims to reduce spending by $1 trillion in its first year.
  • Interest rates are falling partly due to expectations of reduced bond issuance, which could lead to lower mortgage rates.
  • Trump emphasized the need to lower long-term interest rates, indicating that debt is a national security issue.
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  • 75% of the sources lean Right
75% Right
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Reason broke the news in United States on Thursday, February 27, 2025.
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