The rising price of paying the national debt is a risk for Trump's promises on growth and inflation
- Trump faces challenges in implementing tax cuts due to high interest rates and the cost of repaying the federal debt.
- Approximately 20% of government spending is currently allocated to debt repayment, limiting future investments.
- The Congressional Budget Office projects that debt service costs could exceed $1 trillion next year.
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Coverage Details
Total News Sources0
Leaning Left16Leaning Right5Center28Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 33%
C 57%
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