US Debt Interest Bill Rockets Past a Cool $1 Trillion a Year
- Higher costs may reignite debate about the US fiscal path
- Rise in issuance from 2020 will also need to be refinanced: BI
The US Treasury building in Washington, DC.
Photographer: Nathan Howard/BloombergUS Treasuries may face renewed selling pressure into the new year if one measure of the nation’s swelling debt repayment bill is any guide.
Estimated annualized interest payments on the US government debt pile climbed past $1 trillion at the end of last month, Bloomberg analysis shows. That projected amount has doubled in the past 19 months from the equivalent figure forecast around the time.