🚨 Japan’s 40-year bond yield surges to a record 2.755%, the highest since its 2007 debut, as markets brace for a potential Bank of Japan rate hike amid global inflation concerns! submitted by /u/Yuriy_UK |
WallStreetMav: The most recent data for December 2024 is out. The US govt had total revenue (taxes, fees, tariffs) of $454 billion. The US govt paid $140 billion in interest on the national debt.
31% of all govt revenue was consumed by interest payments on the debt. It is actually worse than that. The