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U.S. Daily Debt Interest Payments Hit $2.96 Billion, Annual Rate Breaks $1 Trillion

2026-05-11 16:01:29

According to Fortune, on May 11, the U.S. federal government's daily interest payments on national debt reached approximately $2.96 billion, with annualized interest costs now exceeding $1 trillion. The Treasury Department has already paid approximately $628 billion in net interest expenses in the current fiscal year to service the growing debt burden. The nation's federal debt currently stands near $39 trillion, making interest payments the second-largest federal spending category, surpassing annual outlays on Medicaid and other major welfare programs. Rising interest costs are driven by expanding debt levels and persistently elevated long-term interest rates.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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