President Trump's team has a new plan to help Americans borrow money more cheaply! They're focusing on something called the 10-year Treasury yield, which is like a special interest rate. It's a bit like a giant thermometer showing how hot or cold the economy is.
- They want to lower this interest rate to make borrowing money easier for everyone.
- They plan to do this by improving the economy, making things more productive, and reducing government spending.
- One advisor compared it to a '3-3-3' plan: 3% deficit, 3% growth, and 3 million more barrels of oil produced daily.
| Thing | Number/Fact |
|---|---|
| Current Deficit | 6% of GDP |
| Goal Deficit | 3% of GDP |
| Growth Goal | 3% |
| Oil Production Increase Goal | 3 million barrels/day |
Lowering this interest rate could mean cheaper loans for homes, cars, and businesses. But it's tricky, as many things affect this rate, not just the government.
