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Interest payments on the national debt top $1 trillion as deficit swells

Interest payments on the national debt top $1 trillion as deficit swells

A view shows a bronze seal beside a door at the U.S. Treasury building in Washington, U.S., January 20, 2023. 

Kevin Lamarque | Reuters

The U.S. government for the first time has spent more than $1 trillion this year on interest payments for its $35.3 trillion national debt, the Treasury Department reported Thursday.

With the Federal Reserve holding benchmark rates at their highest in 23 years, the government has laid out $1.049 trillion on…


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