Daily Interest Expense Nearly $3 Billion, U.S. National Debt Interest Expense Surpasses $1 Trillion Annually

BlockBeats News, May 11th, according to

report, the U.S. Treasury has paid approximately $628 billion in net interest expenses in this fiscal year to meet the growing interest burden of the national debt.

Data shows that the current size of the U.S. federal government's national debt is approaching $39 trillion, with daily interest expenses alone close to $3 billion, about $29.6 billion per day. This amount has exceeded the annual spending on major items such as Medicaid. Fiscal data also shows that in the first seven months of this fiscal year, interest payments have exceeded $628 billion, surpassing core welfare expenditures such as Medicaid and Medicare during the same period, becoming the federal government's second largest spending item.

Analysis points out that the increase in interest costs is mainly due to the expansion of the debt scale and the maintenance of high long-term interest rates. Despite a slight decrease in short-term rates, the overall financing cost remains at a high level.

In addition, the growth in tariff revenue has partially eased the fiscal pressure. This fiscal year, customs duty revenue has grown by over 200% year-on-year, reaching approximately $190 billion. In an environment of high debt and high-interest rates, U.S. fiscal sustainability and debt interest burden have become core issues of continuous market concern.