US debt now tops GDP as interest costs surge | The Excerpt
America’s debt has crossed a striking threshold: it’s now bigger than the economy itself. Questions about what that means start to take shape when interest enters the picture. As the cost of carrying debt grows, its impact becomes harder to ignore. So, what should we do about the national debt, and just how worried should we really be? Marc Goldwein, senior policy director at the Committee for a Responsible Federal Budget, joins The Excerpt to talk about the impact of the scale of U.S. borrowing and what it likely means for future generations.Sign up for our newsletter for the day's top stories, from sports to movies to politics to world events: https://profile.usatoday.com/newsletters/daily-briefing/ Receive SMS online on sms24.me
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