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America’s national debt borrowing binge means interest payments will rocket to $2 trillion a year by 2036, CBO says | Fortune
Annual interest payments will double to $2.14 trillion by 2036, nearly double the yearly budget for spending on defense.
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fortune.com
America borrowed $43.5 billion a week in the first four months of the fiscal year, with debt interest on track to be over $1 trillion for…
"The longer lawmakers wait, the higher the price for Americans," warned Maya MacGuineas, president of the Committee for a Responsible Federal Budget.
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'The fiscal trajectory is not sustainable': CBO warns about the highest debt in U.S. history as Trump adds $1.4 trillion to 10-year deficit…
The national debt is set to surpass the historical high of 106% of GDP that it reached in 1946 by 2030, according to the CBO.
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America’s national debt borrowing binge means interest payments will rocket to $2 trillion a year by 2036, CBO says | Fortune
Annual interest payments will double to $2.14 trillion by 2036, nearly double the yearly budget for spending on defense.
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'Nothing short of self-sabotage': Watchdog warns about national debt setting new record in just 4 years | Fortune
"Our nation’s deficits, debt, interest payments and trust funds are all in terrible shape," says Maya MacGuineas, president of the CRFB.
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upi.com
CBO predicts unsustainable debt and deficits by 2036 - UPI.com
The nation's debt likely will become unsustainable and worsen by trillions of dollars over the next 10 years, the Congressional Budget Office said.