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What impact will that have on the ability to retire the debt

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Reference no: EM133132930

Question - The United States has over $30 Trillion in debt of which over $20 Trillion trades daily as government bills, bonds, and notes - obligations which in theory have to be retired when they mature. Lately the interest rates have been near zero reflecting an economy shocked by Covid-19. The Fed intends to raise rates by at least 0.25 points. What impact will that have on the ability to retire the debt?

Reference no: EM133132930

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