Interest
Latest
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Reconciliation Could Increase Spending Under Senate Instructions
The Fiscal Year (FY) 2025 concurrent budget resolution reconciliation instructions would allow the House to add up to $2.8 trillion to primary...
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Higher Treasury Yields Would Add Trillions to the Debt
The 10-year Treasury yield today is approaching 4.4 percent, over 50 basis points above the intra-day low a month ago on April 7, more than twice as...
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Senate Instructions Could Add $1.1T in Interest Costs
Congress’ concurrent budget resolution includes reconciliation instructions to allow lawmakers to pass a bill that adds a net $5.8 trillion to primary...
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Interest on the Debt to Grow Past $1 Trillion Next Year
The Congressional Budget Office’s (CBO) latest budget and economic outlook includes a troubling projection for net interest payments on the debt...
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Interest Costs Would Explode with $5.5 Trillion Reconciliation Package
A recent press report indicated that House leadership may be considering a budget resolution that would allow up to $5.5 trillion of net primary...
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Interest Costs Have Nearly Tripled Since 2020
The recent release of the final Monthly Treasury Statement from the Treasury Department shows that net interest costs totaled $882 billion in Fiscal...
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As the Fed Cuts Rates, Treasury Yields Are Rising
With last week’s rate decision, the Federal Reserve has now cut the federal funds rate by 75 basis points over the past eight weeks. Over that same...
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Interest Costs Just Surpassed Defense and Medicare
In the first seven months of Fiscal Year (FY) 2024, spending on net interest has reached $514 billion, surpassing spending on both national defense (...
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Interest Rates Surge Near Record Highs
Interest rates are once again on the rise across nearly every maturity. The ten-year Treasury note closed at 4.7 percent on Tuesday, up from 4.1...
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Do We Spend More On Interest Than Defense?
During a recent town hall, former United Nations Ambassador and current Presidential candidate Nikki Haley claimed, “for the first time we're paying...
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84 Percent of Spending Growth Will Come from Health, Social Security, and Interest
Budget deficits are projected to grow from $1.7 trillion in Fiscal Year (FY) 2023 to $2.6 trillion by 2034 according to the Congressional Budget...
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Interest Costs Will Leapfrog Medicare and Defense This Year
Interest on the debt is the fastest growing part of the budget. Net interest payments will exceed both defense and Medicare spending this year, in...