https://www.live-feeds.com/feed/us-interest-costs-hit-record-1-trillion-risking-debt-snowballContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/us-interest-costs-hit-record-1-trillion-risking-debt-snowballhttps://www.live-feeds.com/feed/us-interest-costs-hit-record-1-trillion-risking-debt-snowball#u145828Thu, 22 Oct 2026 06:25:58 +0000US debt interest costs hit a record $1 trillion for fiscal 2026, now averaging $3 billion per day. This interest burden grew 8% during the year, outstripping the growth of GDP, federal revenue, and overall spending. Simultaneously, the federal budget deficit expanded by 12% in a single year to reach $1.992 trillion. This gap is the largest in five years and consumes an increasing share of federal revenue, raising concerns that the country is more vulnerable to economic shocks and a snowballing borrowing cycle.Why it mattersRising debt service costs can widen existing deficits, creating a feedb