Interest payments on America’s $40 trillion debt eats up a huge piece of the budget — as deficit hits $2 trillion

The federal government paid out $1.052 trillion in net interest on its outstanding debt in the last year.

Interest payments on America’s $40 trillion debt eats up a huge piece of the budget — as deficit hits $2 trillion
The federal government paid out $1.052 trillion in net interest on its outstanding debt in the last year.