EconomicUnited States·Unpinned17 Oct 2026
U.S. Debt Interest Payments Rose to $1.05 Trillion in Fiscal 2026
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The U.S. Treasury Department reported that fiscal year 2026 ended with a $1.99 trillion budget deficit and net interest payments on the national debt reaching $1.05 trillion. This total—which surpassed both defense spending and Medicaid—was driven by an average interest rate of 3.53%, more than double the 2021 rate. Treasury Secretary Scott Bessent…
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Fortune
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