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U.S. Treasury is paying $3 billion a day in interest on its eye-watering national debt
Summary by Fortune
2 Articles
2 Articles
National Debt Interest Payments Hit $3 Billion a Day
QUICK SUMMARY: The U.S. government paid $628 billion in national debt interest payments in just seven months — more than it spent on Medicare in the same period. That bill runs $3 billion a day and grows automatically with no congressional vote. Here is what that mechanism is, who collects the money, and what it means for your Social Security. So, how much are the government’s national debt interest payments right now? The federal government pai…
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100% Center
C 100%
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