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…