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Economy

“Washington blinks as debt costs begin to bite”

“…“If interest rates basically stay at their current levels, interest will be the second-largest government program in two years,” said Marc Goldwein, senior policy director at the Committee for a Responsible Federal Budget. “Only Social Security will be larger.”

Voters themselves are increasingly worried about federal borrowing. Fifty-six percent of Americans rate the budget deficit as “a very big national problem,” up from 51 percent last year, a Pew Research survey in June showed…”

https://www.politico.com/news/2023/11/20/national-debt-spending-interest-wars-00127805

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