US Congress Better Wake Up

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🇺🇸 🇺🇸 El-Erian: In the 12 months to October the Treasury, on net, issued $2.2trn in bills and bonds, worth 8% of gdp, to fund America’s gaping deficit. Adding to the supply, the Federal Reserve has shrunk its own portfolio of Treasuries by nearly $1trn since mid-2022
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