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RE: LeoThread 2025-02-26 06:56

in LeoFinance7 months ago

Trump can do little to reduce debt service payments, which accounted for 13% of the budget last year, without risking a default that would rattle the global financial system.

The government paid about $94 billion in interest payments during Trump's first month, compared to around $80 billion in the comparable period last year, Treasury data shows.