Net interest payments alone account for 14% of total government spending. And higher debt levels combined with high interest rates put upward pressure on the cost to service our debt. Further, 10 trillion of government debt will mature over the next year and roll over, which is a third, a little less than a third, I guess, of debt outstanding. Can you discuss briefly the conditions in the US treasury market and the trends you're monitoring as we, as we enter this period? Senator, thus far the market has been very resilient. (03:40–03:49)
CLAIM
Asserts that $10 trillion of government debt will mature and roll over in the next year, representing nearly a third of the total debt.
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