According to Congressional Budget Office projections for 2026-2036, the United States will spend $20.1 trillion in interest on a national debt already approaching $40 trillion. Annual interest costs would rise from $1.2 trillion in 2026 to nearly $2.5 trillion in 2036, or $200 billion a month, roughly double the defense spending projected for that year. The deficit stands at $2 trillion for fiscal year 2026 and is expected to exceed $3 trillion in 2036, totaling $25.6 trillion over the decade, driven in part by social benefit spending rising from $3.7 trillion to $6.1 trillion. CBO director Phil Swagel says the 6% of GDP structural deficit is unprecedented, that economic growth will not be enough to close it, and that policy action will be necessary.
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