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US is spending record amounts servicing its national debt – interest rate hikes add billions to the cost

  • Written by: Gerald P. Dwyer, Professor Emeritus of Economics and BB&T Scholar, Clemson University
US is spending record amounts servicing its national debt – interest rate hikes add billions to the costPutting your money where his mouth is.DNY59/E+ via Getty Images

Consumers and businesses aren’t the only ones feeling the pain of higher borrowing costs because of Federal Reserve rate hikes. Uncle Sam is too.

The U.S. government spent a record US$213 billion on interest payments on its debt in the fourth quarter, up $63 billion from a year...

Permanent $20,000 Instant Asset Write-Off Gives Small Businesses Greater Planning Certainty

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Click Frenzy returns with a free EOFY sale event for retailers this month

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The 95 Per Cent Failure Rate Is Not An AI Problem

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