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Fed’s Inflation Fight Pushes Up Cost of U.S. Debt
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WASHINGTON—An era of ultracheap debt is over in Washington as higher borrowing costs widen the U.S. deficit and fuel a partisan clash over raising the debt ceiling and how much borrowing could be too much.
The Treasury’s spending on interest on the debt was $261 billion in the first four months of this fiscal year, a 33% increase from $196 billion spent in the same period last year, according to the department.
Read more on wsj.comAbout this in other media
Fed minutes show members resolved to keep fighting inflation cnbc.com /1 year ago
US could face default as soon as June if debt ceiling isn’t lifted, says thinktank theguardian.com /1 year ago
Biden Administration to Cut Mortgage Insurance Costs for Lower-Income Buyers wsj.com /1 year ago
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