What would a credit downgrade cost the U.S. Government?

An article released yesterday by Reuters indicates that over time, interest rates on the U.S. debt could increase by 7/10ths of a percent in the event of a downgrade.

On a $14.3 trillion debt, this works out to $100 billion per year.

Next step:  compare with data from Wallstats — showing the annual budget of the EPA at $10.5b, NASA at $18.6b, and Homeland Security at $43.6b, and the Department of Justice (including the FBI) at $29b.

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