US debt interest costs hit $3 billion a day and jumped 8% in 2026—faster than spending, revenue, GDP - Fortune — SkimNews
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- US debt interest costs reached $3 billion a day in 2026, jumping 8% and growing faster than federal spending, revenue, and GDP, per Fortune.
- The US federal budget deficit for 2026 came in at $1.992 trillion, a roughly $2 trillion gap that CNN reports is now looming over the midterm elections.
Why it matters: When interest on the national debt grows faster than the economy itself, taxpayers are paying more just to service existing obligations, squeezing fiscal room for everything else as a near-$2 trillion deficit reshapes the midterm political battlefield.
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