Asian Spectator


The Times

.

US is spending record amounts servicing its national debt – interest rate hikes add billions to the cost

  • Written by Gerald P. Dwyer, Professor Emeritus of Economics and BB&T Scholar, Clemson University
US is spending record amounts servicing its national debt – interest rate hikes add billions to the costPutting your money where his mouth is.DNY59/E+ via Getty Images

Consumers and businesses aren’t the only ones feeling the pain of higher borrowing costs because of Federal Reserve rate hikes. Uncle Sam is too.

The U.S. government spent a record US$213 billion on interest payments on its debt in the fourth quarter, up $63 billion from a year...

More Articles ...

  1. Sheriffs who see themselves as ultimate defenders of the Constitution are especially worried about gun rights
  2. Brazil's economic challenges are again Lula's to tackle – this time around they're more daunting
  3. Why are there prisons? An expert explains the history of using 'correctional' facilities to punish people
  4. How evangelicals moved from supporting environmental stewardship to climate skepticism
  5. US debt default could trigger dollar’s collapse – and severely erode America’s political and economic might
  6. Meet Bayard Rustin, often-forgotten civil rights activist, gay rights advocate, union organizer, pacifist and man of compassion for all in trouble
  7. Limits to computing: A computer scientist explains why even in the age of AI, some problems are just too difficult
  8. Does this cause cancer? How scientists determine whether a chemical is carcinogenic – sometimes with controversial results
  9. 'Acts that defy humanity:' 3 essential reads on police brutality, race and the power of video evidence
  10. FDA advisory committee votes unanimously in favor of a one-shot COVID-19 vaccine approach – 5 questions answered

Magazine

How Long Does Botox Really Last? A Realistic Timeline

Someone might notice a line between their eyebrows getting deeper after a stressful week, or catch their forehead creasing in a video call in a way it did not before. It is a small observation, easy...

Compressed Air Pipe and Fittings: What Every Australian Industrial Facility Needs to Know

Compressed air is the fourth utility of modern industry, right alongside electricity, gas, and water. Yet despite its critical role in powering everything from pneumatic tools to automated productio...

Common Risks Hidden in Commercial Lease Agreements

Commercial leases are often longer and more complex than tenants expect, and the fine print can carry significant financial and operational consequences over the years that follow. Many business own...

hacklink hack forum hacklink film izle hacklink z-libraryesim senegalbetparkbetparktelegram下载zlibrary bookscasino en ligneWPS下载IND RUMMYnon gamstop casinosnon gamstop casinos uknon gamstop casinoscasinos not on gamstopcasinos not on gamstopnon gamstop casinoonline gamblinguk casinosuk casinosStreamEastStreamEastjojobetmeritkingcashnow.imweb.mecasibomcasibomjojobetnakitbahismatbetmatbet girişjojobetmatbetmatbet giriş