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Rising yields add to $1T taxpayer interest bill
- The 10-year Treasury yield closed at 5.26%, more than one percentage point above the Congressional Budget Office’s projected average for 2026.
- The federal government spent $1.05 trillion on net interest during the first 11 months of fiscal 2026, exceeding spending on Medicare or the military.
- Net interest spending rose 12% from a year earlier and had already surpassed the Congressional Budget Office’s full-year projection of $1.039 trillion.
- The Congressional Budget Office estimated that interest rates one percentage point above its baseline would add about $1.5 trillion to deficits over the next decade and raise debt to 222% of gross domestic product by 2056.
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Rising yields add to $1T taxpayer interest bill
(The Center Square) – The 10-year Treasury note closed at 5.26% Tuesday, more than a point above the 4.1% the Congressional Budget Office projected it would average this year, a gap that could raise taxpayers' borrowing costs as federal debt…
·Washington, United States
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Rising yields add to $1T taxpayer interest bill - The Daily Bo Snerdley
(The Center Square) – The 10-year Treasury note closed at 5.26% Tuesday, more than a point above the 4.1% the Congressional Budget Office projected it would average this year, a gap that could raise taxpayers’ borrowing costs as federal debt rolls over. The government spent $1.05 trillion on net interest in the first 11 months of fiscal 2026, more than it spent on Medicare or the military, according to the Congressional Budget Office’s monthly…
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Total News Sources17
Leaning Left1Leaning Right6Center6Last UpdatedBias Distribution46% Center, 46% Right
Bias Distribution
- 46% of the sources are Center, 46% of the sources lean Right
46% Right
C 46%
R 46%
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