U.S. Government Debt Interest Exceeds $1 Trillion, Fiscal Deficit Nears $2 Trillion

Net interest costs on U.S. government debt surpassed $1 trillion in fiscal year 2026, marking an increase of over 8% from the previous year. Concurrently, the federal budget deficit expanded to $1.99 trillion, up by $217 billion from fiscal year 2025, according to Treasury data. These figures underscore the increasing pressure of borrowing costs and government spending on the nation's public finances.