Interest On The U.S. National Debt To Triple Within Ten Years?
For the current fiscal year, the U.S. government is estimated to pay $430 billion in interest on the national debt.
For the current fiscal year, the U.S. government is estimated to pay $430 billion in interest on the national debt.
Today marks the end of the federal government’s fiscal year. It’s also the biggest one-day shopping spree of the year– the day when federal agencies rush to spend the last of their money before October 1, before anything left over is returned to the Treasury. Since agencies cannot carry over unspent funds, the idea is “use it or lose it.
I know that headline sounds completely outrageous. But it is actually true. The U.
The idea that the Obama administration has the budget deficit under control is a complete and total lie. According to the U.S.
For the first time in the nation’s history, foreign interests now own more than $6 trillion in U.S. government debt, according to the most recent Treasury Department report on major foreign holders of the debt, which includes the numbers through the end of June.