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US Deficit Soars to $1 Trillion Amid Rising Interest Costs

1/15/2026

32 6 Full Breakdown

Summary

Story summary

The United States faces escalating deficits as interest costs rise to $952 billion in FY 2025, about 70% of the deficit and the third-largest spending area.
A 2025 poll finds 76% of voters want action to address rampant borrowing.
The Congressional Budget Office projects the deficit will reach $1 trillion by FY 2025 due to rising interest costs.

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Story summary

The United States faces escalating deficits as interest costs rise to $952 billion in FY 2025, about 70% of the deficit and the third-largest spending area.
A 2025 poll finds 76% of voters want action to address rampant borrowing.
The Congressional Budget Office projects the deficit will reach $1 trillion by FY 2025 due to rising interest costs.