Interest
Latest
-
Senate Instructions Could Add $1.1T in Interest Costs
Read moreCongress’ concurrent budget resolution includes reconciliation instructions to allow lawmakers to pass a bill that adds a net $5.8 trillion to primary...
-
Interest on the Debt to Grow Past $1 Trillion Next Year
Read moreThe Congressional Budget Office’s (CBO) latest budget and economic outlook includes a troubling projection for net interest payments on the debt...
-
Interest Costs Would Explode with $5.5 Trillion Reconciliation Package
Read moreA recent press report indicated that House leadership may be considering a budget resolution that would allow up to $5.5 trillion of net primary...
-
Interest Costs Have Nearly Tripled Since 2020
Read moreThe recent release of the final Monthly Treasury Statement from the Treasury Department shows that net interest costs totaled $882 billion in Fiscal...
-
As the Fed Cuts Rates, Treasury Yields Are Rising
Read moreWith 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...
-
Interest Costs Just Surpassed Defense and Medicare
Read moreIn the first seven months of Fiscal Year (FY) 2024, spending on net interest has reached $514 billion, surpassing spending on both national defense (...
-
Interest Rates Surge Near Record Highs
Read moreInterest 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...
-
Do We Spend More On Interest Than Defense?
Read moreDuring a recent town hall, former United Nations Ambassador and current Presidential candidate Nikki Haley claimed, “for the first time we're paying...
-
84 Percent of Spending Growth Will Come from Health, Social Security, and Interest
Read moreBudget 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...
-
Interest Costs Will Leapfrog Medicare and Defense This Year
Read moreInterest on the debt is the fastest growing part of the budget. Net interest payments will exceed both defense and Medicare spending this year, in...
-
2023 Interest Costs Reach $659 Billion
Read moreAccording to final data from the Treasury Department, net interest costs reached $659 billion (2.5 percent of GDP) in fiscal year 2023, a $184 billion...
-
Interest Rates Remain Near Record Highs
Read moreInterest rates continue to surge, hitting new post-financial crisis records. Over the past month, yields on the ten-year Treasury note have risen more...