US Government Pays $950,000,000,000 in Interest on National Debt in Just One Year, Says Congressional Budget Office
October 12 2024 - 2:15PM
The Daily Hodl
The US government just spent nearly $1 trillion to service the
interest on its rapidly growing national debt. Data from the
Congressional Budget Office (CBO) says the government ran an
approximately $1.8 trillion budget deficit for the 2024 fiscal
year, which ended on September 30th. The government collected
$4.918 trillion in revenue last fiscal year […]
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US Government Pays $950,000,000,000 in Interest on National Debt in
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US Government Pays $950,000,000,000 in Interest on
National Debt in Just One Year, Says Congressional Budget
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