Powell’s rate cuts can’t rescue Washington from its trillion-dollar interest burden

The U. S. government is still bleeding nearly $1 trillion every year just to cover interest payments on its debt, and that long-awaited rate cut from Jerome Powell isn’t going to change that. Roughly 80% of federal debt is made up of notes and bonds with terms locked in for anywhere from two to thirty years. […] source: https://www.cryptopolitan.com/powells-rate-cuts-washington-1t-interest/