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Fortune

Shawn Tully

National debt interest expense has exploded 14% in just 9 months

Scott Bessent National Debt United States Social Security Medicare

(Credit: Photo by Finn Gomez/Getty Images)

If you thought last year’s national debt numbers were chilling, you haven’t seen anything yet.

In the second week of August, the CBO released its Monthly Budget Review giving year-to-date totals, calculated through July, for federal FY 2026, ending September 30.

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