2023 was the year the tax income can't manage the debt juice.
A place for working class Whites to discuss the op thoughtfully. $7.6 trillion of US government debt will mature in the next year, adding pressure on rates Story by fdemott@insider.com (Filip De Mott) • 1w A whopping $7.6 trillion in interest-bearing US public debt will mature within a year, Apollo's chief economist said. That represents 31% of all outstanding US government debt, adding upward pressure on rates. That's still below 2020, when debt maturing within a year made up a significantly larger share. Nearly a third of all outstanding US government debt is set to mature in the next 12 months, according to an analysis from asset management firm Apollo . A chart from Chief Economist Torsten Sløk shows that the share of US public debt set to mature in a year or less has steadily risen toward pandemic-era levels and is now at 31%. In terms of dollar amount, that's $7.6 trillion, a high not seen since early 2021. In addition, public debt maturing in the near term...
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