Fed rate cuts to soften blow of spiraling U.S. debt - but it won't solve the $35 trillion problem

Interest due on the national debt costs more than $3 billion each day, including the weekends. Federal Reserve interest rate cuts won't only give a break to families and businesses struggling to keep up with higher borrowing costs. The U.S. Treasury also would get some breathing room on its spiraling borrowing costs stemming from government spending...