Tipping Point: CBO Director’s Warning on America’s Fiscal Path

The CBO projects [interest] payments to the U.S. government’s creditors will rise to $1 trillion in 2026. The U.S. government’s gross interest payments to its creditors started exceeding that level in 2023. If not for a Supreme Court ruling rejecting student loan forgiveness last year, the U.S. government’s net interest costs would soon be nearing that $1 trillion level.

Tipping Point: CBO Director’s Warning on America’s Fiscal Path