Fox Business: The Next US Debt Crisis: Making Hundreds of Billions in Interest Payments

Article by Peter Kasperowicz in Fox Business

The U.S. national debt keeps rising and to make matters worse, interest payments on the debt are rising at an even faster pace.

Next week, the Treasury Department will release data from the final month of fiscal year (FY) 2022, including how much the government spent to service $31 trillion in national debt, the highest it has reached in U.S. history.

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