US Debt Interest to Eclipse Defense Spending The US is facing a critical financial challenge as its national debt escalates. Capital Group’s analysis reveals that within the next five years, the US government’s interest payments on this debt are poised to outpace defense spending. Economist Darrell Spence notes a concerning trend: if the debt continues to grow as projected by the Congressional Budget Office, annual net interest payments could skyrocket from below $500 billion to an astonishing $1.4 trillion by 2033. This shift underscores the urgent need for attention to the country’s debt dynamics. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Goldman Predicts Booming Commodities Market as Interest Rates Dip READ MORE U.S. Credit Card Debt Hits Unprecedented $1.13 Trillion, Fed Report Reveals READ MORE Gold Demand Hits Q2 Record Despite Consumer Pullback READ MORE Fed Officials Suggest Interest Rates May Stay High to Combat Persistent Inflation READ MORE Turkish Central Bank Fortifies Reserves: July Sees 3.5% Boost to $147.9 Billion READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment