Federal Spending

U.S. spending on interest tops national defense, Medicare

(The Center Square) – Congress has spent more money on interest so far this year than it has spent on both national defense and Medicare. Spending on net interest hit… Read More

National Debt

Agency warns rising interest costs pose risk to nation’s financial outlook

(The Center Square) – A quarter of every dollar U.S. taxpayers send to Washington is projected to go to interest costs by 2051 without changes to federal spending and taxation,… Read More

National Debt, National Defense

Interest payments on national debt alone will exceed defense spending this decade, CBO says

(The Center Square) – The cost of interest payments on the national debt will continue to grow as a financial burden for the U.S. over the next decade, even surpassing… Read More