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 A Pivotal Week for Stock Markets: Earnings, Fed Decisions, and Job Reports READ MORE Gold Soars to Record Heights: What's Driving the Precious Metal's Rally? READ MORE Texas Fraudster Faces Justice for $10 Million Digital Currency Crypto Scam READ MORE Oil Prices Waver Amid Economic Uncertainty and Interest Rate Speculation READ MORE Social Media Sparks Gold-Buying Frenzy in Iran READ MORE Add a Comment Cancel replyYour email address will not be published.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