Interest Payments On The National Debt Projected To Be $762 Billion By The Year 2026, The Balance Reports

“Interest on the 10-year Treasury remained below 3% until 2018, thanks to strong demand for U.S. Treasuries. Interest rates were projected to rise above 3% in 2019 but were lagging below 2% at the end of September as economic outlook dampened. They are expected to increase to 3.7% by 2026. By then, the interest on the debt will be $762 billion and take up 12.9% of the budget”. Read more

Leave a Reply

%d bloggers like this: