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US is spending record amounts servicing its national debt – interest rate hikes add billions to the cost

US is spending record amounts servicing its national debt – interest rate hikes add billions to the cost Putting your money where his mouth is. DNY59/E+ via Getty Images   By Gerald P. Dwyer, Clemson University Consumers and businesses aren’t the only ones feeling the pain of higher borrowing costs because of Federal Reserve rate hikes. […] Source
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