Serving debt is the largest cost of Washington’s debt crisis;...

Serving debt is the largest cost of Washington’s debt crisis; America currently spends $2.4 billion in daily interest fees alone
The debt and spending simply cannot keep up with what America is bringing in.
The federal govt spent $658 billion on interest fees in 2023, a 38% jump from the $476 billion in servicing debt in 2022. That’s 2.4% of the entire national GDP spent on interest expenditures alone.