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https://www.financial-world.org/news/news/financial/29419/us-debt-hits-381-trillion-as-interest-costs-jump-past-medicare-and-defense/
U.S. debt hits $38.1 trillion as interest costs jump past Medicare and defense
America’s red ink is piling up at a historic pace. As of Oct. 31, the national debt stood at $38,108,930,250,279 — up about $30.4 billion in a single day and far beyond the roughly $907 billion level four decades ago. Interest payments have already overtaken Medicare and the defense budget, turning borrowing costs into one of Washington’s biggest bills.
U.S. debt hits $38.1 trillion as interest costs jump past Medicare and defense
America’s red ink is piling up at a historic pace. As of Oct. 31, the national debt stood at $38,108,930,250,279 — up about $30.4 billion in a single day and far beyond the roughly $907 billion level four decades ago. Interest payments have already overtaken Medicare and the defense budget, turning borrowing costs into one of Washington’s biggest bills.
