JOURNAL ARTICLE

U.S. Treasury pays $3 billion a day in interest on national debt nearing $39 trillion mark.

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

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Pringle, Eleanor 3 of 3

Abstract

The article focuses on the U.S. Treasury’s fiscal situation as reported by the Congressional Budget Office (CBO), highlighting that $628 billion has been paid in net interest on public debt during the current fiscal year, exceeding spending on Medicare and Medicaid. Despite a $955 billion deficit for fiscal year 2026, this represents a $94 billion improvement compared to the previous year, partly due to a 220% increase in customs duties revenue linked to former President Trump’s tariff policies. The CBO’s long-term economic projections emphasize productivity and labor force changes as key factors, with a cautiously optimistic view on the potential impact of artificial intelligence on GDP growth. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2026/05, pN.PAG
  • Document Type:Article
  • Subject Area:Politics and Government
  • Publication Date:2026
  • Accession Number:193690130
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