The snowball effect of high interest rates on the national debt

The Congressional Budget Office projects that the national deficit will grow by a trillion dollars in the next 10 years. Soaring interest payments on the national debt are one reason why. We’ll explain why that’s a problem for the United States’ fiscal future. And, was the Senate’s high-profile hearing with a spread of Big Tech CEOs all for show? Plus, Disney’s new one-stop-shop sports streaming venture and what Sweethearts’ clever rebrand says about today’s dismal dating culture.

Here’s everything we talked about today:

• • “U.S. deficit will soar in the next decade, new CBO projections show” from Axios

• • “Sen. Klobuchar explains what it takes to protect children online” from Marketplace

• • “Disney CEO Bob Iger on new streaming bundle partnership: I’d rather be a disruptor than be disrupted” from CNBC

• • “When it comes to live sports, consumers show streaming services the money” from Marketplace

• • “Super Bowl commercials 2024: Crypto and AI are out, insurance and mayo are in” from CNN

• • “In a first for Uber since becoming a public company, an annual profit.” from AP News

• • Advertisement for Sweethearts Situationships on Instagram

Join us tomorrow for Economics on Tap! The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern. We’ll have news, drinks, a game and more.