US interest expense on the national debt hit a record $1.4 trillion over the last 12 months

(1) The Kobeissi Letter on X: “BREAKING: US interest expense on the national debt hit a record $1.4 trillion over the last 12 months. Since 2020, the cost of servicing US public debt has nearly TRIPLED. If rates remain stable, interest payments are set to rise to $1.7 trillion by November 2028. As a result, https://t.co/bugG6IriWf” / X

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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