The U.S. may save $1.5 billion in interest in 1987.
- Share via
The savings would come from plunging interest rates, James C. Miller III, director of the Office of Management and Budget, said in Detroit. “Lower interest rates, everything else being equal, (also) help stimulate the economy,” producing new revenue for the federal government, he said. Rates on six-month Treasury bills stood at nearly 16% in 1981 and have since dropped to 6.32%.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
