Rep. Steil: Interest Payments on National Debt Could Hit $1 Trillion

First published at 15:07 UTC on May 16th, 2022.

Raising the interest rate might help fight inflation, but it could come at a hefty price.

The national debt rocketed past $30 trillion this year. Raising the interest rate raises the debt service payments, and those cannot be deferred.

Meanwhile, …

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CategoryNews & Politics
SensitivityNormal - Content that is suitable for ages 16 and over
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