fromFortune
1 day agoInterest on the national debt is eating a record 19% of federal revenue - and watchdog warns it will get worse | Fortune
The federal government already spends more on debt interest than on Medicaid, national defense, or all non-defense discretionary programs combined. Now, with the 30-year Treasury yield surging past 5.19% - its highest level in almost 20 years - a leading fiscal watchdog is warning that what was already a crisis could turn into something far worse.
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