Futurum Group CEO Daniel Newman joins The Big Money Show panel to break down what kind of changes – if any – are warranted in President Donald Trumps big, beautiful bill as it awaits Senate approval.
The Treasury Department will need to refinance nearly one-third of the more than $36 trillion in debt owed by the federal government, which serves as a backdrop to President Donald Trump’s repeated calls for the Federal Reserve to cut interest rates.
A report by the Treasury’s Office of Debt Management for the second quarter of fiscal year 2025 shows that as of April 30, 31.4% of the outstanding national debt will be due for refinancing within the next year.
That amounts to about $11 trillion in U.S. debt securities that will have to be refinanced over the course of the next 12 months.
The cost of servicing the more than $36 trillion national debt has escalated in recent years as interest rates rose to counter the most…
