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CBO: Interest on U.S. Debt to Quadruple by 2024

CBO: Interest on U.S. Debt to Quadruple by 2024

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The Congressional Budget Office (CBO) now projects that by the end of the budget window in 2024, interest payments on the U.S. debt will quadruple, reaching a stratospheric $880 billion a year.

According to Senate Budget Chairman Jeff Sessions (R-AL), that will mean interests payments on the debt will be 105 times larger than the FBI’s budget.

This year, CBO says the U.S. taxpayers will spend $233 billion on interest payments to America’s $17,544,074,000,000 debt.


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