Ripple CTO Highlights Record $1 Trillion U.S. Federal Interest Payments

Quick Summary:

Ripple CTO David Schwartz, also known as JoelKatz, shared data showing record-high U.S.federal interest payments, which have now surpassed $1 trillion annually.

This surge reflects a significant change in the U.S.economy, driven by higher interest rates and increased national debt.

This trend is raising concerns about fiscal sustainability and future federal spending.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Coin Edition

Category: Crypto

Markets: India

Topics: Cryptocurrency Market Ripple News Market News Digital Asset

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 14:20:00 (2 days ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 108 words

Reading Time: 1 minutes read

Sentences: 57 lines

Sentence Length: 2 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 23328325

View Article Analysis

About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 16 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #124

Publisher Details

Frequently Asked Questions