Interest Payments in the Federal Budget | Committee for a Responsible Federal Budget

Interest Payments in the Federal Budget | Committee for a Responsible Federal Budget: At a projected cost of over $300 billion this fiscal year, interest payments are a significant part of the federal budget. Net interest is currently the fifth-largest federal line item and costs more than federal spending on food and nutrition services, transportation, housing, education, or refundable tax credits. This is true despite the record-low borrowing rates the