Treasury Scrambles to Lock in Rates as Borrowing Cost Soars

by Peter Schiff, Schiff Gold: The Treasury increased the total debt by $125B in May after a brief drop in April. This brings the total debt increase so far in 2022 to $880B. More importantly, though, the cost to service the debt is exploding. Total annualized interest has increased by $40B or 13.5% since the […]