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The United States Treasury has a problem on its hands. Due to the Biden administration’s enormous spending, this year the Treasury has issued net $2 trillion in new debt – over 8% of GDP. Due to its Quantitative Tightening (QT) programme, the Federal Reserve is currently selling down around $60 billion a month. Now, to add to the problems, recent data shows that foreigners are no longer buying, having sold net $2.4 billion in September.
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Biden Is Tanking the U.S. Treasury
