Futurum Group CEO Daniel Numan is included in the Big Money Show Panel, which is to break what kind of changes – if no – – – President Donald Trump warrant is warrant in large, beautiful bills, as it waits for Senate’s approval.
The Treasury Department will need to refin a one-third of more than $ 36 trillion in outstanding loans by the federal government, which serves as a background for the President. Donald Trump’s Repeated calls were made to cut interest rates for the Federal Reserve.
A report on the loan management of the Treasury’s office for the second quarter of FY 2025 suggests that by April 30, 31.4% of the outstanding national loan will be due to the re -addiction within the next year.
It is about $ 11 trillion in American debt securities, which will have to be refinance over the next 12 months.
Cost of servicing more than $ 36 trillion national loan In recent years, the interest rates have increased to combat the most important inflation cycle facing the US economy in four decades.
Trump Slam ‘Stupid’ Fed Chair Jerome Powell ahead of interest rate decision
The cost of serving national loans has increased due to higher interest rates. (Istock / istock)
In the financial year 2024, interest cost A total of $ 239 billion, or 34%, increased to $ 949 billion organized through national loan servicing. This amount is larger than both the discretionary budget of the Defense Department and the federal expenses on the Medicare.
Increasing cost of serving national loans with increase in social Security And due to the aging of America’s population, Medicare is the main drivers of the broad federal budget deficit – which is estimated to be a total $ 1.9 trillion in FY 2025.
Trump has repeatedly called federal Reserve Cutting your benchmark interest rates in an attempt to save the funds of the federal government on encouraging economic growth and serving loans.
Federal Reserve Leaves Unchanged Major Interest Rate for the fourth straightforward meeting
The Treasury Department, led by Secretary Scott Besant, will need to refinance in $ 11 trillion loans compared to next year. (Reuters / Nathan Howard / Reuters Photos)
Trump has also attacked Fed Chair Zerome polyWhich he nominated for the role in 2017, was not cutting interest rates as “Mr. to Late” and “Sunnaskul” for the Central Bank.
Fed on Wednesday left the rate of his benchmark Federal Funds unchanged for the fourth consecutive meeting, which inspired the President to renew his attacks on Powell.
Trump wrote on the truth, “It’s too late” Jerome Powell is spending hundreds of billions of dollars to our country. ” “He is really the most humble, and most devastating, one of the people in the government, and the fed board is complicated. Europe has 10 cuts, we have no one. We should reduce 2.5 points, and all the biden should save $ billions on all short -term loans. We have low inflation!”
Will Trump and Vance Spar Powell be under pressure to cut interest rates?
President Trump has repeatedly criticized Fed Chair Powell in the monetary policy moves of the Central Bank. (Through Saul Loaib / AFP Getty Image / Getty Image)
While the benchmark rate of the Federal Reserve can affect other market-based interest rates-as the rate cut by Treasury, Hostage, Credit Card and more Fed can only add pressure to move fiercely for those rates and not necessarily they will increase the rates.
Fed cut interest rates three times at the end of last year, including a 50-base-point cut in September, followed by a 25-base-point cut in November and December.
Powell and Federal Open Market Committee, which determines the monetary policy in the Central Bank, reiterated its position that the current level of interest rates is appropriate Economic uncertainty,
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Policy makers said they will continue Monitor inflation And those signals may require labor market data that may require adjustment in interest rates.
