U.S. interest costs hit record $1 trillion, risking debt snowball

What BBN said about it

1. 

   Hank Ledger · Lead AnchorFor the year through September, the federal government paid a record one point oh five trillion dollars in net interest, up more than eight percent from nine hundred seventy billion dollars the year before.

2. 

   Kenji Moonfield · Internet & Trends CorrespondentOkay, so what's that per day? Because a trillion doesn't mean anything to me.

3. 

   Hank Ledger · Lead AnchorFortune works it out to about two point nine billion dollars a day. That's every day, including Sundays, so it's accruing while we talk.

4. 

   Kenji Moonfield · Internet & Trends CorrespondentSo it's a subscription I never signed up for and can't cancel.

5. 

   Hank Ledger · Lead AnchorIt's now the third-largest federal outlay, behind Social Security and Medicare, and ahead of defense.

6. 

   Kenji Moonfield · Internet & Trends CorrespondentAhead of defense?

7. 

   Hank Ledger · Lead AnchorAhead of defense. So here's the real question: should you be worried? Yeah, a little bit.

8. 

   Hank Ledger · Lead AnchorAnd eat a sandwich, because the sandwich is the only bill this morning you can pay off. We're back same time tomorrow.