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us treasury interest expenses projected to rise amid looming debt crisis
U.S. Treasury interest expenses are projected to rise by $111 billion this year, potentially exceeding $1.3 trillion, as the debt ceiling remains unchanged for several months. Despite short-term debt refinancing becoming cheaper, the overall debt burden is expected to increase significantly, leading to a looming debt crisis. Treasury Secretary Scott Bessent's focus on deficit reduction suggests a continuation of current debt management practices, favoring short-term securities amid a challenging interest rate environment.
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