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

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

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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