Anthony Scaramucci Warns $40 Trillion US Debt Could Mean $2.4 Trillion Interest Bill at 6% Rates: 'It’s Just Math'
Scaramucci warns 6% rates could make U.S. debt interest cost $2.4T annually, urging higher taxes to curb deficits.
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Why It Matters
When the U.S. borrows lots of money, it has to pay interest on it. If interest rates stay high, that interest bill gets really expensive, which affects the whole economy and companies too.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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