Republican Louisiana Sen. John Kennedy accused Treasury Secretary Janet Yellen in a Tuesday hearing of striving to boost the economy by borrowing short-term, higher-interest rate debt to help President Joe Biden secure reelection. The national debt has surged to nearly $34.6 trillion under Biden, which is around $6.8 trillion more than when he took office. Kennedy criticized Yellen for her department borrowing shorter-term bonds with higher interest rates instead of longer-term bonds that have lower interest rates. “Today you can borrow for 10 years at 4.4%. Instead, you’re choosing to borrow …
