U.S. Government Spends Over $1 Trillion on Interest Payments in 2024 Amid Surging National Debt

For the first time in U.S. history, the government has spent over $1 trillion on interest payments, according to a report by Jeff Cox for CNBC that was published on 12 September 2024. This historic figure comes from the Treasury Department’s latest data, which shows that the government has spent $1.049 trillion servicing its $35.3 […]