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Published United StatesUpdated

Strong Uptake at 10-Year U.S. Debt Sale Counters Demand Concerns, 30-Year Sale May Provide More Evidence

  • The U.S. spent $1.1 trillion on interest for its national debt in 2024, nearly doubling payments since 2014 and exceeding defense expenses.
  • This rise resulted from growing debt, which reached $35.5 trillion in 2024, higher interest rates, and a tax bill passed last month projected to add $2.4 trillion to the deficit.
  • The Congressional Budget Office forecasts $550 billion more in interest costs over the next decade, with debt servicing now consuming 3% of GDP and potentially 4.1% by 2035.
  • Demand for $39 billion of 10-year Treasury notes on June 11 outpaced supply by over 2.5 times, with yields near 4.4%, signaling sustained investor confidence despite Moody's recent credit downgrade.
  • These trends suggest increasing fiscal strain that could crowd out other spending priorities and possibly slow economic growth, which the OECD expects to decline to 1.6% in 2025.
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America's debt explodes – and no one knows who to finance it in the future. Economists warn: If the loss of confidence comes, the system falls.

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Bias Distribution

  • 43% of the sources lean Left
43% Left
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NBC Chicago broke the news in Chicago, United States on Wednesday, June 11, 2025.
Sources are mostly out of United States (8)

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