US Interest Costs Hit Record $1 Trillion, Risking Debt Snowball

The US government's debt interest costs have hit an unprecedented $1 trillion mark for fiscal 2026, siphoning off a larger chunk of federal revenue and potentially triggering a vicious cycle of escalating borrowing. This surge poses significant risks, as it leaves the country more susceptible to economic shocks and could lead to higher interest rates. The situation underscores the urgent need for fiscal reforms to mitigate the long-term financial sustainability challenges.