The Undollar Digest

Geithner Quietly Tells Obama Debt Expense to Increase to Record

Kruger and Capo-McCormick, www.bloomberg.com, 02/14/2011
Barack Obama may lose the advantage of low borrowing costs as the U.S. Treasury Department says what it pays to service the national debt is poised to triple amid record budget deficits.
Interest expense will rise to 3.1 percent of gross domestic product by 2016, from 1.3 percent in 2010 with the [...]


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