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The Federal Reserve's decision to implement rate cuts is aimed at mitigating the impact of the United States' escalating national debt, which currently stands at $35 trillion. While these rate cuts may provide some relief by reducing borrowing costs for families and easing the financial burden on the U.S. Treasury, which is paying over $3 billion in interest daily, they are not expected to solve the underlying debt crisis.
Fed rate cuts will soften — but not solve — the U.S.'s $35 trillion debt problem https://t.co/bmCojtpuBK
US $35 trillion debt problem in United States will not find complete solution through Federal Reserve rate cuts, but cuts may help alleviate some of the financial burden.
Fed rate cuts wouldn't just help families struggling w/ higher borrowing costs. The U.S. Treasury - paying over $3 billion in interest each day on $35 trillion in national debt - would also get some breathing room. But this won't solve the debt crisis. https://t.co/YNd1B7aBrB
