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U.S. paid $1.36 trillion in debt interest last fiscal year, Dagen McDowell states

U.S. paid $1.36 trillion in debt interest last fiscal year, Dagen McDowell states
US paid $1.36 trillion debt interest

The U.S. paid $1.36 trillion in interest on its debt in the last fiscal year.

Dagen McDowell described this amount and urged that spending should be cut. She also stated that the country had to borrow every dime.

McDowell has previously commented on consumer prices, noting that only four out of twenty-five categories in the Consumer Price Index saw declines over the past year, including dairy products. Further details on price changes across categories are available in her article here. These remarks come as she continues to track fiscal and economic developments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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