U.S. debt is getting expensive fast. In the first half of Fiscal Year 2025, interest payments hit a record $623B (+7% YoY). Over the last 12 months, they’ve reached $1.3T. Interest is now the 2nd-largest spending category, only behind Social Security and already higher than both healthcare and defense. This is no longer just debt it’s a growing structural problem.

U.S. debt is getting expensive fast.

In the first half of Fiscal Year 2025, interest payments hit a record $623B (+7% YoY). Over the last 12 months, they’ve reached $1.3T.

Interest is now the 2nd-largest spending category, only behind Social Security and already higher than both healthcare and defense.

This is no longer just debt it’s a growing structural problem.