Pine Creek Capital Management
Library / Liquidity and the dollar
Liquidity and the dollar / Interest on federal debt vs. defense spending

Interest payments on federal debt at $1,280B, the highest in 10 years, up 6.9% from a year ago

Billions of dollars, SAARInterest paymentsNational defense
Source: FRED, Federal Reserve Bank of St. Louis. Data through April 2026.PNGPine Creek Capital Management

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