2 ms·
https://www.crfb.org/blogs/do-we-spend-more-interest-defense https://www.crfb.org/blogs/do-we-spend-more-interest-defense According to the Congressional Budget
by Clubber 2y ago
https://www.crfb.org/blogs/do-we-spend-more-interest-defense https://www.crfb.org/blogs/do-we-spend-more-interest-defense
According to the Congressional Budget Office’s latest baseline, in Fiscal Year (FY) 2024, spending on interest is projected to total $870 billion, while spending on national defense will total $822 billion. This has never been the case before, going back to at least 1940.
Maybe the fed interest rate drop pulled it back.