The following chart shows the percentage of federal outlays devoted to paying interest.
Click to enlarge.
The government would love to pay savers more interest, but it's got an economy to hobble along.
Source Data:
St. Louis Fed: Custom Chart
Q4 GDP Tracking: Mid 2% Range
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From Goldman:
We left our *Q4 GDP tracking estimate unchanged at +2.4%
(quarter-over-quarter annualized)* but boosted our Q4 domestic final sales
forecas...
3 hours ago
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