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United States 2026 Fiscal-year net interest expense reached a record 1050000000000 USD, up more than year on year 8%

PANews October 17 News: According to Bloomberg, U.S. Treasury data show that, as of the end of September, in the 2026 fiscal year, federal government net interest expense reached 1050000000000 USD, up more than 2025 fiscal year's 970000000000 USD by more than 8%, setting a record high. The Peter G. Peterson Foundation estimates that this expense is equivalent to GDP of 3.2%, surpassing 1991 the record set in; last quarter's GDP data will be released later this month. The report noted that the interest burden is consuming a larger share of federal revenue, increasing pressure to borrow to pay interest and potentially reducing the United States' fiscal capacity to respond to economic shocks.

Source: https://www.panewslab.com/zh/articles/01a149f5-f781-7301-9508-146455b514bd