Content
@
0 reply
26 recasts
26 reactions
Parsa🎩
@parsampro
Increasing US debt due to high interest rates 12 July 2024 ⭕️ Paying #interest on the outstanding debt of the #United States caused the federal government's budget deficit to increase. The deficit for the fiscal year through June reached $1.27 trillion. Interest on public debt was $140 billion in June and $868 billion in the first nine months of this fiscal year, which is 33% more than the same period last year. The Federal Reserve's decisions to raise interest rates with the aim of reducing high inflation have made debt more expensive. Tax revenues have remained strong compared to last year, both monthly and annually.
5 replies
0 recast
0 reaction
jerard
@wantons
Hi parsa🎭
1 reply
0 recast
0 reaction
