Interest payments on the national debt hit $1.049 trillion in the first 10 months of FY2025, up 30% from the same period last year. https://www.cnbc.com/2024/09/12/interest-payments-on-the-national-debt-top-1-trillion-as-deficit-swells.html
The Treasury confirms the government is on track to spend $1.2 trillion on interest payments for the full fiscal year ending October 2025. https://www.investopedia.com/why-interest-payments-are-blowing-up-the-federal-budget-8712197
The U.S. Treasury’s own fiscal dashboard shows $1 trillion already spent on interest through July 2025. https://fiscaldata.treasury.gov/interest-expense-avg-interest-rates/
CBO projects net interest will total $952 billion in FY2025, climbing to $1.8 trillion by 2035. https://www.crfb.org/blogs/interest-debt-grow-past-1-trillion-next-year