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CBO Raises 2026 U.S. Deficit Projection to $2.1 Trillion, Interest Payments Hit Record $3.7M Per Second

2026-08-12 00:22:18

According to the Congressional Budget Office's August budget update report, the U.S. federal deficit for fiscal 2026 was projected at $2.1 trillion, up from $1.9 trillion estimated in February. Through July 2026, net interest payments reached $96.3 billion monthly, or approximately $3.18 billion daily—equivalent to $37,000 per second. The surge in interest costs stems from higher debt levels combined with rising long-term interest rates, which increased net interest payments by $117 billion year-over-year, a 14% increase. Interest payments have now surpassed defense spending as the largest budget category.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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