Rick Scott Says America Can’t ‘Tax and Spend’ Its Way Out of Debt as Interest Costs Hit $1 Trillion
Scott urges spending cuts and a balanced budget as U.S. debt tops $40 trillion and interest costs are projected to exceed $1 trillion.
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Why It Matters
The U.S. government is paying huge amounts just to borrow money each year. When the government spends less or changes how it handles money, companies and stocks can feel the effects.
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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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