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U.S. debt is so massive, interest costs alone are now $3 billion a day

Fortune
Summary
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79% Informative

The cost of paying interest on U.S. debt now averages out to $3 billion a day.

That's up from $2 billion about two years ago .

The Fed is poised to start cutting interest rates later this month .

But even if Fed rate cuts lighten the burden on interest payments, the next president will worsen budget deficits.

VR Score

86

Informative language

87

Neutral language

58

Article tone

formal

Language

English

Language complexity

50

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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