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Tuesday, October 20, 2026Updated 23:23 UTC

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No wonder the White House wants Warsh to cut: A 1% Fed rate hike costs the Treasury an extra $95 billion a year in national debt interest

Source: Fortune · Oct 20, 2026 13:04 UTC

North facade of the White House with its fountain and flowerbeds — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

“Even if primary deficits remain largely unchanged, the growing interest burden materially increases the government’s financing needs,” the analysts wrote.

Read the full story at Fortune

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