How High Are Federal Interest Payments? | Committee for a Responsible Federal Budget

How High Are Federal Interest Payments? | Committee for a Responsible Federal Budget: This year, the federal government will spend $300 billion on interest payments on the national debt. This is the equivalent of nearly 9 percent of all federal revenue collection and over $2,400 per household. The federal government spends more on interest than on transportation, education, and research and development combined. The household share of federal interest is larger