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@ Fartface2000
2025-04-28 10:53:06
I’ll just leave this here
During President Joe Biden’s term, Treasury Secretary Janet Yellen oversaw a significant increase in the issuance of U.S. Treasury bills (T-bills), particularly in 2023. In that year alone, the Treasury added approximately $2.6 trillion to the national debt, with about $2 trillion—roughly 77%—financed through short-term T-bills maturing in less than a year.
This approach marked a notable shift from traditional debt management strategies, which typically rely more on medium- to long-term securities. The heavy reliance on short-term debt was partly a response to the debt ceiling standoff and aimed at quickly replenishing the Treasury’s cash reserves. For instance, following the suspension of the debt limit in June 2023, the Treasury issued a substantial volume of T-bills to rebuild its coffers, with estimates suggesting up to $1.6 trillion in T-bills could be issued over the full year.
This strategy has sparked debate among