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The government now spends more on interest than on the military

14 August 2026 at 14:15
30-year bonds β€” The US Treasury Building in Washington, DC. Photo by Tony Webster / CC BY-SA 3.0, via Wikimedia Commons

The US Treasury sold $25 billion of 30-year bonds at a 5.22 percent yield, the most it has paid to borrow that far out since 2001, reports the Financial Times.

That's up from 5.06 percent at July's sale, and 4.91 percent just before Trump's second term began. β€” Read the rest

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