The Federal Reserve is continuing to raise interest rates as part of its fight against inflation. These efforts are hurting consumers and businesses, but they will also squeeze Uncle Sam, as it will cost more to maintain America’s $31 trillion national debt. Interest payments could become so high that they soon top defense spending.
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.jpg?h=97c2cce0&itok=j_6HM8Qx "Cardi B Hits the 2023 GRAMMYs Red Carpet in Dramatic Hooded Cutout Gown")
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