Treasury Yields Snapshot

The U.S. government is projected to spend over $1 trillion in interest on its national debt in fiscal year 2026, with costs rising to over $2 trillion by 2036. As of early 2026, the annual cost of debt servicing is approximately $520 billion for certain types of securities, but total gross interest payments are expected to exceed $1 trillion, making it one of the largest federal expenses.

Key Details on U.S. Debt Servicing Costs
Growing Cost: Interest payments on the national debt have tripled since 2020 and are now the fastest-growing part of the federal budget.

Total Interest Expense: In FY 2024, the government spent $1.13 trillion on gross interest payments.
Budget Comparison: The cost of interest has surpassed spending on national defense and Medicaid.
Projected Growth: Interest costs are expected to reach $2.1 trillion annually by 2036.

Causes: The rising costs are driven by a higher total debt load and increased interest rates set by the Federal Reserve.

Interest payments as a share of the economy have increased to roughly 3.2% of GDP as of early 2025.

I never hear anyone in Congress say anything about the National Debt anymore. Not a peep. Republicans will grumble about it when they are out of power, but only then. The debt continues to grow under Trump, faster than ever. The Iran war is costing $1.5 billion per day.

Yeah, it's all his fault the debt is $36t. You guys don't understand interest paid on the debt is why the debt grows faster every year. Does interest accrued not happen on other presidents?