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The federal government has paid north of $1 trillion in gross interest payments on its debt for fiscal 2024 as the national debt continues to climb. The Treasury Department said in a recent ...
According to federal government data, interest payment on debt has crossed above one trillion on October 1, 2023. [147] Note that this is all interest the U.S. paid, including interest credited to Social Security and other government trust funds, not just "interest on debt" frequently cited elsewhere. Federal interest payments
Net interest payments on the national debt exceeded $892 billion in the 2024 fiscal year. The IMF projects that by 2034, annual interest payments in the U.S. will hit $1.7 trillion and cumulative ...
The CBO forecasts that net interest payments on debt will eclipse $1 trillion in fiscal year 2025, while climbing up to $1.7 trillion by 2034. And debt held by the public is projected to rise from ...
Interest payments on debt by US households, ... In February 2024, the total federal government debt grew to $34.4 trillion after having grown by approximately $1 ...
As of Dec. 24, 2024, the debt has climbed to nearly $36.3 trillion, a $2.5 trillion increase within the past 12 months. If the average daily rate of debt growth over the past three year
Rising government debt burdens in the United States and elsewhere have ... the US government spends $2 billion a day on debt interest payments alone. ... One of our most popular items of 2024, AOL ...
The US national debt topped a psychologically important milestone of $35 trillion in recent days and has risen by $1 trillion since January — mounting by nearly $5 billion every day so far in 2025.