How and why the government borrows money

How and why the government borrows money

Facebook Twitter LinkedIn Reddit Email Unlocked is a series focused on explaining U.S. federal government systems, structures, and processes. This public debt explainer is part of that series, which is produced by The Journalist’s Resource and the Shorenstein Center on Media, Politics and Public Policy, where JR is housed. Last fiscal year, the federal government for the first time paid over $1 trillion in interest on outstanding debt accumulate…