Fortune
Interest on the national debt is eating a record 19% of federal revenue — and watchdog warns it will get worse
The U.S. is now spending a record 19% of federal revenue just to service its national debt, a threshold that signals deepening fiscal strain. The surge coincides with the 30-year Treasury yield climbing to its highest level since before the 2008 financial crisis, making new borrowing more expensive by the day. Fiscal watchdogs warn this is not a temporary anomaly but the beginning of a compounding spiral that will crowd out spending on everything else.
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