July
29
“A sustained … increase in Treasury rates would eventually cost U.S. taxpayers an additional $75 billion each year.”
— Matthew E. Zames, a managing director at JPMorgan Chase and the chairman of the Treasury Borrowing Advisory Committee.
It’s starting to look like the debt ceiling might actually not get raised. If you really want to understand the potential consequences, learn more here and then do something about it.
This post has 3 notes and tag: # debt ceiling # debt limit # money # economics # politics .
