JOURNAL ARTICLE

America's $38 trillion national debt is so big the nearly $1 trillion interest payment will be larger than Medicare soon.

  • Published In: Fortune.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Tully, Shawn 3 of 3

Abstract

The article focuses on the alarming rise of the federal budget deficit and debt in the United States, particularly highlighting the significant increase in interest expenses. A poll from the Peterson Foundation indicates that a large majority of voters view addressing this issue as a top priority. Since 2019, interest on the national debt has surged from $375 billion to $952 billion by FY 2025, becoming the third-largest spending area after Social Security and Medicare. The primary deficit, which reflects the gap between revenues and expenditures before interest, is identified as the root cause of this increase, with projections suggesting that interest costs will continue to rise, potentially absorbing a substantial portion of tax revenues in the future. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2026/01, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2026
  • Accession Number:190910151
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