Hartnett: US Interest To Hit $1.6 Trillion By Year End, Making It The Largest US Government Outlay

Hartnett: US Interest To Hit $1.6 Trillion By Year End, Making It The Largest US Government Outlay

Without pay wall: https://archive.is/k8COS

Several days ago, we were the first to point out two new striking developments in the Dollar’s crusade to lose reserve currency status: i) after hitting $1 trillion in late 2023, interest expense on US debt rose to a record $1.1 trillion in late March, and ii) while US debt is now rising at a pace of $1 trillion every 3 months, US interest expense is rising at a just as torrid $100 billion every 4 months (this interval will also shrink to three months very soon).

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