Who’s the Culprit Behind the Alarming Move in Treasuries?

By Ed Ponsi – The Street Pro

The U.S. has a massive debt, and that debt is growing due to a huge deficit.

Some people use these terms interchangeably, but they’re not the same. What is the difference between the debt and the deficit?

The U.S. needs buyers of Treasuries to finance its massive national debt, which is rapidly approaching $37 trillion. This is referred to as “the debt.”

Annual spending is $7 trillion, which is $2 trillion higher than federal tax revenue, which is around $5 trillion. This $2 trillion is known as “the deficit.”