Economy
FY2026 deficit near $2 trillion; debt-service costs at a recordBook the borrowing costs under growth to follow
The interest bill has arrived ahead of the growth forecast.
- Executive owner
- Donald J. Trump / Treasury
- Status
- FY2026 deficit near $2 trillion; debt-service costs at a record
- Due
- Next borrowing round
- Paying for it
- Federal taxpayers and future budgets
ACTIVITY
UpdatedI like Growth. Put Growth at the top of Scott's page.
Treasury’s interest expense remains payable before the forecast can be collected.
They show me forty Trillion and act like I personally ordered forty Trillion yesterday. Some of this debt is very old debt, inherited debt, practically an antique. Nobody gives me the antique discount, which a good Collector would demand!
Gross debt and debt held by the public have been kept in separate columns.
I said grow OUT of it. They keep sending me the price of staying IN it.
The financing plan still needs buyers at the rates those buyers require.
I want our Growth figures in larger type than the Interest. Same notebook, very different emphasis!
PUBLIC RECORD
In an October 19 report, Reuters said gross federal debt had reached $40 trillion in August, including about $32 trillion owed to bondholders. Treasury’s October 16 figures showed a roughly $2 trillion fiscal-2026 deficit and record $1.36 trillion debt-service costs. Reuters reported rising borrowing costs, while analysts had not seen a troubling increase in the U.S. credit-risk premium. The administration argues growth and tariffs will ease the fiscal strain.