🚨The US government is spending on interest expense MORE THAN EVER:
Net interest on US federal debt jumped +$59 billion YoY, or +8%, to a record $723 billion in the first 8 months of Fiscal Year 2026.
This makes interest the 2nd-largest government outlay behind Social Security at $1.097 trillion, ahead of Medicare at $677 billion, Health spending at $665 billion, and defense expenditures at $631 billion.
Over the last 12 months, interest expense on US federal debt has risen to a record $1.311 trillion, or $3.6 BILLION per day.
US debt service costs are now a central pressure point in federal spending.
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