No wonder the White House wants Warsh to cut: A 1% Fed rate hike costs the Treasury an extra $95 billion a year in national debt interest

T1Covered by 1 source · first reported by Fortune at 20 Oct, 13:04 UTC

"Even if primary deficits remain largely unchanged, the growing interest burden materially increases the government's financing needs," the analysts wrote.

Sources

• T1No wonder the White House wants Warsh to cut: A 1% Fed rate hike costs the Treasury an extra $95 billion a year in national debt interestFortune20 Oct, 13:04