U.S. DEBT INTEREST PAYMENTS TOP $1 TRILLION • VEHICLE KILL SWITCH MANDATE

The estimated yearly amount the U.S. is paying on its debt crossed $1 trillion at the end of October, a recent analysis by Bloomberg found.

These annualized interest costs — which were calculated using U.S. Treasury data on monthly outstanding debt balances and average interest — have doubled over the last 19 months, according to Bloomberg.