The U.S. national debt has doubled over the past decade, rising from $17.64 trillion at the end of 2014 to $35.35 trillion this week. To put that in perspective, the national debt is now so massive it costs the federal government $3 billion per day just to pay the interest—a little more than the annual GDP of Belize.
The situation has become so bleak that business leaders are speaking out, including Bank of America CEO Brian Moynihan. The veteran banker called on politicians to address the ever-expanding national debt sooner rather than later in an Axios interview published Tuesday.
