US Debt Interest Hits $963 Billion in 10 Months as Daily Costs Top $3 Billion

1 articles · Updated · Fortune · Aug 11

$963 billion in net interest hit the Treasury from October 2025 through July 2026, equal to about $3.18 billion a day on the nearly $40 trillion national debt.
14% growth from a year earlier added $117 billion to those payments, as a larger debt load and higher long-term rates outweighed relief from lower short-term rates, the CBO said.
$1.8 trillion in deficits over the first 10 months pushed the CBO to raise its full-year deficit forecast to $2.1 trillion, up $200 billion from its February estimate.
122% debt-to-GDP is fueling concern that rising interest costs could crowd out public spending and eventually force investors to demand higher risk premiums on U.S. borrowing.