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Federal Debt Cost Soars Even Higher
The cost of servicing the federal debt is rising beyond earlier estimates due to inflation and market strain. Total debt stands at 352 billion with interest near 14.5 billion for the year ending June 30, as Okun warns of inflationary pressures and the need for private sector cooperation.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Arthur M. Okun
Council of Economic Advisers
Johnson
Okun
White House
Treasury
The
Department
Federal Reserve System
Social Security Trust Fund