The costs of the interest of the national debt rise with the preparation of the cabinet

The Treasury will need to re -financing nearly a third Donald Trump Repeated calls for the Federal Reserve to reduce interest rates.

A report issued by the debt management office at the Treasury for the second quarter of the fiscal year 2025 indicates that from April 30, 31.4 % of the distinguished national debt will be re -financing during the next year.

This reaches about $ 11 trillion in US debt bonds that must be funded for the next 12 months.

The cost of service is more than National debt of $ 36 trillion It has escalated in recent years with the high interest rates to meet the most important inflationary cycle that the American economy has faced in four decades.

Trump explodes the President of the Federal Reserve, “Ghabb”, Jerome Powell before the interest rate decision

In the fiscal year 2024, Interest costs It was incurred by the national debt service jumped by 239 billion dollars, or 34 %, with a total of $ 949 billion. This amount is greater than the estimated budget for the Ministry of Defense and Federal spending on medical care.

The growing cost of national debt service, as well as spending growth in Social Security Medical care due to the old age of America, are the main engines of the wide federal budget deficit – which are expected to reach about $ 1.9 trillion in the fiscal year 2025.

Trump has repeatedly called for Trump Federal Reserve To reduce standard interest rates in an attempt to stimulate economic growth and provide federal government funds to serve debt.

The Federal Reserve leaves the main interest rate unchanged for the fourth consecutive meeting

Trump also attacked the Federal Reserve Chair Jerome PowellAnd, which was nominated for this role in 2017, as “Master is too late” and “Numbskull” for the central bank does not reduce interest rates.

On Wednesday, the Federal Reserve left the rate of standard federal funds unchanged in the fourth consecutive meeting, prompting the president to renew its attacks on Powell.

“It is too late,” Trump wrote, “It is really the most powerful, the most destroyed in the government, and the Federal Reserve is complicit. Europe had 10 discounts, we had nothing.

Will pressure from Trump and FAS reduce interest rates?

While the standard interest rate of the federal reserve can affect other market interest rates-such as those in treasury bonds, mortgages, credit cards and more price cuts by the Federal Reserve, can only add these prices to move side by side and do not necessarily mean that these prices will move.

The Federal Reserve reduced interest rates three times at the end of last year, including a 50-Basis reduction in September, followed by a pair of 25-Basis discounts in November and December.

Powell and the Federal Open Market Committee, which determines the monetary policy in the central bank, reiterated their position that the current level of interest rates is suitable Economic uncertainty.

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Politics added that they will continue to do so Monitoring inflation And labor market data to obtain signs that interest rates are needed.