The story says that the US pays about $1 trillion annually in interest on the national debt

The US national debt reached an unprecedented $40 trillion, driven by defense spending, social programs, and Trump-era tariffs and deficits fueling the fiscal strain.

The US Treasury moved on Wednesday to calm a bond market rattled by surging borrowing costs, doubling the size of its debt buybacks hours before separate figures confirmed that…

Millions of Americans who are already struggling with the cost of living could eventually feel the effects of persistently high debt as US gross federal debt surpassed $40…