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The big recession risk that no one is talking about

Por: Politico Politics October 25, 2022

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President Joe Biden is cheering a record plunge in the federal budget deficit, but the numbers belie a troubling trend that could come back to haunt him: The cost of government debt is skyrocketing. The Federal Reserve’s relentless campaign to crank up interest rates to kill the worst inflation in four decades is also driving up debt costs. The U.S. in the latest fiscal year spent more on interest payments than it did on veterans’ programs... + full article



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