The federal government’s interest payments are at record high, and among the country’s largest annual expenditures
October 20, 2023 at 4:00 p.m. EDT (Astrid Riecken for The Washington Post) Interest payments on the debt surge
New numbers released Friday show net interest payments on the debt rising to $659 billion for the 2023 year 1940 1950 1960 1970 1980 1990 2000 2010 2020 $0B $100B $200B $300B $400B $500B $600B $659BNote: for federal fiscal year, which end sin SeptemberSource: Treasury Department and Office of Management and BudgetJeff Stein THE WASHINGTON POSTMost economists say these payments are economically wasteful, […]
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