federal debt repayment plan

‘Cut up the credit cards:’ Congress is getting brutal about ‘embarrassing’ $31 trillion national debt — Photo by Mikhail Nilo

Will Credit Cards Trample the $31 Trillion Debt?

Will Credit Cards Trample the $31 Trillion Debt? The House proposal would lower the effective interest rate on the $31 trillion national debt by about 1.2 percentage points. In practice, that means each dollar of debt could be treated like a five-year credit-card installment, reducing annual interest costs by