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U.S. Interest Costs Hit 18.5% of Revenue in 2025

9/7/2026

21 5 Full Breakdown

Summary

Story summary

The U.S. government recorded a net interest payment equal to 18.5% of revenue in 2025.
The $1.25 trillion interest cost exceeds the entire 2026 U.S. defense budget.
AI giants issued $225 billion of 10-to-30-year bonds in the first half of 2026, crowding out Treasuries.
Treasury Secretary Scott Bessent doubled 10-to-30-year Treasury buybacks to at least $4 billion per operation.

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Story summary

The U.S. government recorded a net interest payment equal to 18.5% of revenue in 2025.
The $1.25 trillion interest cost exceeds the entire 2026 U.S. defense budget.
AI giants issued $225 billion of 10-to-30-year bonds in the first half of 2026, crowding out Treasuries.
Treasury Secretary Scott Bessent doubled 10-to-30-year Treasury buybacks to at least $4 billion per operation.