re: Interest on the debt is 60% of the Amount taken in by the Treasury in February

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Yea, alot of that was covid in 20-21.

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When Trump took office the FR balance sheet was ~$4.2 trillion.

Just before COVID the balance sheet was naturally winding down. It reached a near term low of ~3.8 trillion.

COVID happened and the FR printed money (via congressional appropriations) to bring up their balance sheet to about $7.1 trillion and that was under near ZIRP conditions.

Biden entered and with congress they kept spending to force the FR to print more and rose the balance sheet to ~$8.4 trillion.

Now the FR is trying to sell thus making bonds cheaper with higher yields which impacts all market interest rate products. It's called tightening and the FR has been able to sell off assets to bring their current balance sheet level to ~$7.4 trillion.

Currently they can't sell too fast or they will overshoot their stated interest rate policy goal.