Debt Passes $40T as ‘Outcast’ Sanctions Hit US Allies, Russia Warns UK, and FDA Approves More COVID Jabs
Today's Digest covers US debt and unemployment, US-Venezuela oil deal, Russia UK warning, strike on nuclear plant, Economic Outcast sanctions, COVID vaccine approval, measles dispute, Ceuta unrest, and church fires.
Source: Peak Prosperity
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DW NOTE
The U.S. national debt crossed $40 trillion, growing $13.4 billion per day since July, while net interest costs are projected to reach $2.1 trillion by 2036 — 46% of current total revenue. With the Fed holding rates at 3.5-3.75% and Treasuries yielding 4.67%, the arithmetic is straightforward: Washington is borrowing to pay interest on borrowing, and the only question is how long foreign buyers fund it.