Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
P2P Loan
Grow your wealth in fiat investment
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
WCTC S8
Rewards

U.S. Daily Debt Interest Payments Hit $2.96 Billion, Annual Rate Breaks $1 Trillion

GateNews

According to Fortune, on May 11, the U.S. federal government’s daily interest payments on national debt reached approximately $2.96 billion, with annualized interest costs now exceeding $1 trillion. The Treasury Department has already paid approximately $628 billion in net interest expenses in the current fiscal year to service the growing debt burden. The nation’s federal debt currently stands near $39 trillion, making interest payments the second-largest federal spending category, surpassing annual outlays on Medicaid and other major welfare programs. Rising interest costs are driven by expanding debt levels and persistently elevated long-term interest rates.

View Source
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related News

05-11 15:36
U.S. 6-Month Treasury Yield Rises to 3.615% on May 11
05-11 15:36
US 6-Month Treasury Bid-to-Cover Ratio Rises to 2.91 on May 11
05-11 15:34
U.S. 3-Month Treasury Auction Yields 3.61% on May 11, Unchanged From Prior Auction
05-11 15:34
U.S. 3-Month Treasury Bills Hit 15.32% Allotted Yield on May 11, Up From 14.97%
05-11 12:49
White House Reports Core Inflation Averaged 2.6% Over Past Six Months
In-Depth Analysis

Lower-Income Americans Spending Down Savings Amid Rising Inflation

Crypto Frontier05-11 11:02

Trump Meme Team Moves $17M in TRUMP to Bitgo as Allocation Wallet Stirs Again

Coinpedia05-11 10:35

From $8 to $81,700: What Bitcoin Was Worth on Every Mother's Day Since 2011

Coinpedia05-11 07:57
Comment
0/400
No comments