So the cost to service the debt only rises from here as the cheaper COVID debt matures.
This is why Trump is begging for lower rates.
Of course we’re the biggest losers in this charade because we have to pay for it all.
— QE Infinity (@StealthQE4) September 23, 2026
Sept. 2026 — U.S. debt crosses $40 trillion for the first time
https://www.reuters.com/world/us/us-debt-crosses-40-trillion-threshold-after-doubling-under-trump-and-biden-2026-08-19/
The debt has now crossed the $40 trillion line, while interest costs are rising alongside it.
Sept. 2026 — Interest costs have passed $1 trillion
https://www.pgpf.org/programs-and-projects/fiscal-policy/monthly-interest-tracker-national-debt/
Treasury data through August show annual interest costs above $1 trillion for the first time.
Sept. 2026 — Federal deficit reaches roughly $2 trillion before FY2026 ends
https://www.americanactionforum.org/insight/debt-and-deficit-lack-of-progress-report-august-2026/
The deficit had reached about $2 trillion through the first 11 months of fiscal 2026.
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