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Interest costs on US national debt to exceed defense spending by 2028

Por: Fox Business Business July 10, 2023

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American Action Forum President Doug Holtz-Eakin and Thru the Cycle President John Lonski join The Evening Edit to discuss the Fed raising interest rates for the 10th straight time. The rapid increase in interest rates over the past year could cause some collateral damage to the U.S. government's finances.  That is because as interest rates rise, the on its $32.48 trillion in debt will also increase.Interest payments on the national debt... + full article



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