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Avik Roy: CBO: Federal Interest Payments Now Exceed Defense Spending
Today, the Congressional Budget Office published its annual 10-year Budget and Economic Outlook. According to the CBO's latest estimates, in 2024 the U.S. government will pass a grim and once-unimaginable milestone. The federal debt has gotten so large that spending on interest to service that debt now exceeds federal spending on
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Posted: February 7, 2024 Wednesday 07:42 PM