$1 Trillion Per Year in Interest and Beyond: What the FY2027 Budget Really Forecasts
The White House released its FY2027 budget this morning. It is 92 pages long. The most important number is on page 139. The federal government paid $970 billion in interest last year. This year it crosses $1 trillion. That is not a projection. It is already happening. In 2026 the Treasury is rolling $9.6 trillion … Read more
