The U.S. government has for the first time laid out more than $1 trillion in gross interest payments on its national debt, according to a report by CNBC. Citing a Thursday report by the U.S. Treasury, CNBC said the payments, currently at $1.049 trillion so far in fiscal year 2024, are projected to hit $1.158 trillion by the end of the fiscal year on Sept. 30.
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Article URL : https://wng.org/sift/interest-payments-on-the-national-debt-top-1-trillion-for-the-first-time-1726577369