Nearly one-third of $36T national debt needs refinancing as Trump demands rate cuts
1. Treasury must refinance 31.4% of $36 trillion national debt soon. 2. Interest costs surged by 34% to nearly $1 trillion in fiscal 2024. 3. Trump pressures Fed for interest rate cuts citing increased debt servicing costs. 4. Projected federal budget deficit for 2025 is $1.9 trillion. 5. Fed maintains current interest rates amidst economic uncertainty.