Debt Tsunami Begins: US To Sell $1 Trillion In Debt This Quarter, 2nd Highest In History, As Budget Deficit Explodes

After nearly reaching $0 during the latest season of the debt ceiling tragicomedy, which saw Republicans fold - as they always do - like cheap lawn chairs, assuring that the US is now on a path to fiscal self destruction...

debt tsunami begins us to sell 1 trillion in debt this quarter 2nd highest in history as budget deficit explodes

... and $1 trillion in annual interest payments...

Authored by Tyler Durden via ZeroHedge August 1st 2023