rollout. they ve got a very big deal in the brewing sector for you jonathan. i don t know if you drink stella but they re going to be under the same stable, a $108 billion deal, ab inbeef and anheuser-busch buying sabmiller. they ve overcome one by selling sabmiller stake in millercoors to coors brewery. i m more of a stoli guy. steve sedgwick live from london. time now for sports and we begin with nba action out on the west coast. the clippers, d andre jordan in his first visit to dallas since last summer s free agency fiasco that saw jordan re-sign with los angeles after already agreeing to join the mavericks. dallas fans booed jordan when he stepped onto the court, and some took time to express their displeasure. but the real attraction of the nature was the dirk nowitzki who put up a season high 31 points in the game. wesley matthews added 25 and the
rates rising 3% over ten years. it just take the size of the debt which is, you know trillions of dollars, kind of hard for people to imagine. you say how difficult would it be to service that debt to pay the interest and so the debt of course is what the government has borrowed and they need to pay interest on that. to the people who lent to them. that interest is affected by the interest rates so the higher the interest rates, the more they have to pay. the more spending there is in terms of interest payments. the u.s. pays a huge amount every year on interest. on the national debt. just interest alone. now at the current interest rates, which are historically low, the u.s. will pay $229 billion in just interest at the end of this year. in 2018 if interest rates rise as we mentioned, the payment will be $405 billion. in 2021, it rises to $590 billion. and in 2025, the interest payment balloons to $808 billion. more than the country pays for
the lower 9th ward destroyed. shelter of last resort for 10,000 people and overflowed. the convention center, another site of chaos. 25,000 residents were turned into refugees in their own home. $108 billion in damage. nearly 2,000 people dead. fema took days to mobilize and the white house seemed paralyzed by the crisis. here we are a decade later, parts of new orleans have seen a huge transformation. president bush returned to the big easy today and spoke at a rebuilt charter school and later directly to gulf coast residents. all of us who are old enough to remember will never forget the images of our fellow americans amid a sea of misery and ruin. hurricane katrina is a story of loss beyond measure. it s also a story of commitment and compassion. we want to reflect on this anniversary with new orleans resident david spielman, the
greece lost access to bailout funds from its creditors after failing yesterday to make a $108 billion loan repayment to the monetary fund. some banks opened but only to allow people on pensions who don t have atm cards to access their money. for other greek banks, they re closed all week and atm withdrawals are limited to 60 euros. that s about $66 a day. michelle caruso cabrera is here in athens. what else did the prime minister have to say today? even though he appeared to cave in this letter you mentioned, when he got on stage he was very defiant and said he was going to stick to the referendum that he announced last week that he wants people to vote on whether or not to accept the bailout offered by creditors, but he s telling them to vote no. so he sends a letter saying he s going to accept the deal.
says they still haven t heard from him. his family says they used to hear from him daily during his 20 years in prison but there has been no communication since the president s announcement. a terrorist bragging on twitter about joining isis in syria but he forgot to take his g.p.s. locator off. his exact location was then pinpointed. seven years ago debt from federal student loan programs was more than $98 billion. since then it has grown by a whopping $708 billion $119 billion of that last year alone. that brings the total federal student loan debt to $800 billion. with all this outstanding debt dozens of loan forgiveness programs who is really footing the bill.