Federal Debt Interest Payments, Annualized Rate 1990 – Present, in Billions of Dollars, by Quarter
$1,100
The main factors in U.S. government, debt interest payment trends are federal expenditures, gross receipts (taxes, fees, etc.), and interest rates, all of which have gone through huge shifts over the past 6 years. Since 2018, federal debt interest payments have risen approximately 130%. Rising interest rates mean higher interest rates on debt payments, which means it becomes more expensive to buy a home, buy a car, or go to college. It also becomes more expensive for the federal government to finance its debt.
$1 Trillion
$1,000
$900
$800
$700
$600
Federal government current expenditures: Interest payments: Billions of Dollars, quarterly, seasonally adjusted annual rate
▲ Pandemic hits
$500
▲ 2018 Tax cuts
$400
▲ 2008 Financial markets crash
▲▲ Dotcom crash, 9/11 attack
$300
U.S. Bureau of Economic Analysis, updated through Q3 2024
$200
Per Federal Reserve Bank of St. Louis: https://fredblog.stlouisfed.org/2018/03/the-cost-of- owing/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_c ampaign=fredblog. Data from sources deemed reliable but may contain errors and subject to revision.
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