"As total U.S. national debt ticks over $39 trillion, the interest payments on that value are eye-watering: $529 billion for the first six months of the current fiscal year."
"This equates to more than $88 billion in interest payments a month, or more than $22 billion a month, roughly equal to spending for the same period on both the Department of Defense's military budget and the Department of Education."
"The CBO report notes service payments increased because the debt was larger than it was in the first half of fiscal year 2025 and because of higher long-term interest rates."
"Despite the increase in revenues for the government, a significant deficit still emerged: $1.2 trillion."
The U.S. national debt has surpassed $39 trillion, leading to significant interest payments of $529 billion in the first half of the fiscal year. Monthly interest payments average over $88 billion, equating to the combined military and education budgets. Compared to last year, interest payments have increased by $33 billion, or 7%. The Congressional Budget Office reports that while government receipts rose to $2.5 trillion, outpacing outlays, a deficit of $1.2 trillion still remains due to rising debt and interest rates.
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