Debt to the Penny, Updated Every Second

If you want to see US national debt to the penny, updated every second, please visit USDebtClock. It's quite fascinating. 

Yellen Chimes In

The Wall Street Journal notes these statements by Janet Yellen:

"It's important to evaluate debt sustainability in the context of the interest-rate environment." 

The interest burden of U.S. debt is "very manageable" because of low interest rates.

What a hoot! 

Expected Rate Hikes

As noted in Fed Doves Warn Against Jamming on the Brakes, Bank of America believes the Fed will get in seven rate hikes this year with more coming next year.