
U.S. Debt Crisis: One Step Closer
The cold, hard truth embedded in all these numbers is this: going forward, the U.S. Treasury will have to continue to raise interest rates just to keep investors from selling American government debt.

The cold, hard truth embedded in all these numbers is this: going forward, the U.S. Treasury will have to continue to raise interest rates just to keep investors from selling American government debt.

The Federal Reserve announced its intention to continue to reduce its holdings of U.S. sovereign debt and has no plans to return to buying Treasury securities.

In the impassioned speech, Bannon called Biden an illegitimate president, characterized his backers as radical cultural Marxists who want to destroy the Republic, and insisted the Federal Reserve central bank be abolished.

The ECB has thus far stayed committed to low, steady interest rates. But there is growing anticipation of a rate increase by the ECB during 2022.