The CBO reported that net interest on public debt totaled $963 billion between October 2025 (when the fiscal year begins) and July 2026.
The latest budget update is further evidence for debt hawks who suggest policymakers are heading in the wrong direction when it comes to fiscal responsibility: Deficits totaled $1.8 trillion in the first 10 months of this fiscal year, $169 billion mo... [2488 chars]