U.S. Debt Cost Surges
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daily interest expenseFortune
•U.S. debt is so massive, interest costs alone are now $3 billion a day
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.
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