Bloomberg Surveillance TV: January 13, 2025
Bloomberg Surveillance
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Rising Interest Rates and Fiscal Challenges
In this chapter, the impact of soaring interest rates on the federal budget and debt is explored, with a focus on the escalating cost of interest payments projected to surpass a trillion dollars. The discussion also covers the complexities of proposed tax cuts and the significant challenges Congress faces in addressing critical budgetary issues like Social Security and Medicare.
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