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US Interest Costs Hit Record $1 Trillion, Risking Debt Snowball

Source: Bloomberg.com · Oct 17, 2026 12:00 UTC

Torn U.S. one-dollar bill on a white background — File photo Images_of_Money / Flickr · CC BY 2.0 · Source

The Quick Take

US Interest Costs Hit Record $1 Trillion, Risking Debt Snowball Bloomberg.com The US federal budget deficit for 2026 just came in. It’s $1.992 trillion. Yahoo Finance US debt interest costs hit $3 billion a day and jumped 8% in 2026—faster than spending, revenue, GDP Fortune A $2 trillion deficit looms over the midterms KSL News U.S. budget deficit swells to almost $2 trillion for fiscal 2026, up

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