Stolen Valor Update 112 - Veterans Resources - The latest ...

Oct 20, 2016 · As government increasingly turned to short-term domestic securities, interest rates on 90 day T-bills rose to almost 26 percent, and maturities shortened. On the external side, credit rating downgrades pushed up the costs of borrowing. As a result, total interest payments almost doubled from 3.2 percent of GDP in 2012 to 6.2 percent in 2014. ................
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