The U.S. Treasury Department reports that gross interest payments on the national debt have surpassed $1 trillion in fiscal 2024, a 30% increase from the previous year and a first in history. This milestone highlights growing concerns over the national debt, now exceeding $35 trillion. The development coincides with heated debates in Washington over government funding, spending cuts, and stalled legislative efforts amid a looming government shutdown.
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Endgame: Interest On US Debt Surpasses $1 Trillion For First Time Ever, Exploding August Budget Deficit To Record High – Nemos News Network
Zero Hedge -
US interest payments on national debt top $1 TRILLION per year
The Post Millennial -
Instapundit » Blog Archive » SUSTAINABILITY: Interest payments on the national debt top $1 trillion as deficit swells.
instapundit.com -
Interest on US Debt Soars Past $1 Trillion for First Time, Unprecedented August Deficit at Record High
tfppwire.com
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US government pays $3 billion in interest every day from its national debt
TweakTown -
Interest Payments on U.S. Debt Surpass Trillion Dollar Threshold – American Faith
American Faith -
For the first time in history, interest on U.S. debt surpasses $1 trillion and now threatens social security as the greatest government expense
stationgossip.com -
National debt interest payments reach $1 trillion with deficit widening
theindustryview.com
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