US Government Pays $950,000,000,000 in Interest on National Debt in Just One Year, Says Congressional Budget Office

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 […] source: https://dailyhodl.com/2024/10/12/us-government-pays-950000000000-in-interest-on-national-debt-in-just-one-year-says-congressional-budget-office/