U.S. debt interest costs hit record, surpassing defense and Medicare spending — America now spends $3.6 billion a day servicing its debt, according to First Squawk.
The United States is spending $3.6 billion per day on debt interest costs, which have hit record levels and now exceed spending on defense and Medicare.
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U.S. debt-to-GDP ratio surpasses 100%, hitting levels not seen since World War I, First Squawk reports.
The U.S. debt-to-GDP ratio has crossed 100%, reaching levels last seen during World War I, according to First Squawk.
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