Published yesterday, CNBC Economy Livestream, Sept 12, 2024

Interest payments on the Nat'l Debt top $1 TRILLON as Deficit Swells

For the first time, the US government spent more than $1 trillion a year on interest payments on the national debt, which currently stands at $35.3 trillion. This was reported by the Treasury Department. Interest payments are 30% higher than last year. The US budget deficit increased sharply in August and will approach the $2 trillion mark by the end of the year.