The $38 trillion national debt is to blame for over $1 trillion in annual interest payments from here on out, CRFB says

America’s fiscal outlook continues to enter uncharted territory, with the Committee for a Responsible Federal Budget (CRFB) projecting the era of trillion-dollar annual interest payments has arrived. In a grim fiscal milestone first breached in fiscal year 2025, the costs to service the nation’s ballooning debt have spiraled, creating a financial pickle that threatens to squeeze the federal budget for decades to come.

According to an analysis released by the nonpartisan budget watchdog on Dec.