US Interest Bill Tops $1 Trillion for First Time
Washington's annual interest bill has surpassed $1 trillion for the first time, though analysts at TD Securities suggest this does not yet indicate a fiscal crisis.
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Washington's annual interest bill has surpassed $1 trillion for the first time, though analysts at TD Securities suggest this does not yet indicate a fiscal crisis.
Bitcoin traded near $79,000 after hot inflation data, while Bitwise’s Ryan Rasmussen said he expects the cryptocurrency to post new highs in 2026 and potentially trade above $1 million by 2030. The article also cited ETF flow improvement, corporate treasury buying and possible fourth-quarter catalysts.
Sen. Rand Paul promoted his Six Penny Plan on X, calling for 6 cents of every federal dollar spent to be cut and for the budget to be balanced in five years.
U.S. public debt crosses $40 trillion for the first time, while Reuters says the 30-year Treasury yield rises to 5.337% and Treasury boosts buyback operations for 10- to 30-year securities.