Maya MacGuineas, president of the Committee for a Responsible Federal Budget, called on lawmakers to “ultimately fix the broken process that got us into this mess.”
so you have the consumer rate which is what we can get t-bills at (which is what you linked), but the fed also loans to major banks at the prime rate and those loans are huge. like, billions dollar loans. those loans are at the prime rate and it’s what i had in mind, but the treasury yield rate is what you or i can get on t-bills. i think the major fed to bank loans use t-bills (i haven’t read up on this stuff in 20 years) instead of moneys, but i don’t remember. what rate the majority of the debt is at, i haven’t looked in a while.
What’s the interest rate of the money the US government is burrowing right now?
let me skip a few steps in your questions
Wouldn’t the treasury yield rate be the more precise answer to their question than the federal prime lending rate?
I’m really asking. I’m not that educated on this stuff.
so you have the consumer rate which is what we can get t-bills at (which is what you linked), but the fed also loans to major banks at the prime rate and those loans are huge. like, billions dollar loans. those loans are at the prime rate and it’s what i had in mind, but the treasury yield rate is what you or i can get on t-bills. i think the major fed to bank loans use t-bills (i haven’t read up on this stuff in 20 years) instead of moneys, but i don’t remember. what rate the majority of the debt is at, i haven’t looked in a while.
Less than soon…