Tag: federal interest costs

U.S. Debt Alert: Treasury Is Paying More Than $3 Billion a Day in Interest as Deficit Heads Toward $2.1 Trillion

U.S. Debt Alert: Treasury Is Paying More Than $3 Billion a Day in Interest as Deficit Heads Toward $2.1 Trillion America’s fiscal picture is coming under renewed pressure as the federal government faces rapidly rising interest costs and another enormous annual deficit. New Congressional Budget Office figures show that net interest on debt held by...