National debt: Why Congress no longer cares

"Now would be a very good time for Washington to bring back its debt obsession," said Rogé Karma in The Atlantic. That's because the perfect storm for turning the federal deficit into a "genuine crisis" has arrived. In recent years, the Federal Reserve has "raised interest rates dramatically in an effort to tame inflation." Since that means the federal government has to pay higher interest on its bonds, "government payments on debt interest soared to $881 billion in 2024." That's more than the...