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Treasury’s Short-Term Debt Trap | Durham News
The U.S. Treasury is stuck in a high-stakes financial gamble, relying on short-term borrowing to manage a $2 trillion deficit — but with 33% of its debt maturing within a year and the Fed poised to hike rates, the cost of refinancing is skyrocketing. Every dollar of that debt now carries a higher interest burden, squeezing government programs and rippling through your wallet via credit cards and small business loans. With inflation stubborn and bond markets demanding more, the Treasury faces a critical crossroads: lock in long-term rates before the Fed tightens, or keep betting on short-term…
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