Interest costs on US debt reach $1.22 trillion annually, surpassing other forms of government spending waste, according to a new report.
US interest payments on national debt have climbed to $1.22 trillion per year, outpacing other categories of government waste. The figure highlights growing fiscal concerns as debt servicing becomes a larger budgetary burden.
A report by Senator Rand Paul’s office identified $1.6 trillion in total government waste for 2025, including questionable grants and program inefficiencies. While some expenditures, like a $77 million military dolphin program, draw scrutiny, interest payments remain the largest single cost.
The rising debt load has raised alarms about long-term economic stability, though immediate market reactions remain muted amid broader fiscal debates.