Federal budget & debt · A091RC1Q027SBEA
Federal interest payments
As of Q2 2026, the federal interest payments had risen 6.9% from a year earlier, compared with a 12-month change of 7.0% in Q1 2026. The latest value was $1.28T.
Source: U.S. Bureau of Economic Analysis via FRED®. Quarterly data, seasonally adjusted. Latest observation Q2 2026; snapshot taken Oct 27, 2026, 2:15 AM EDT.
Latest (Q2 2026)
$1.28T
Change from Q1 2026
+2.1%
A year earlier
$1.20T
12-month change
+6.9%
$1.28T Q2 2026 · Billions of dollars
Billions of dollars. Data from Q1 1947 to Q2 2026 (318 observations).
What it measures
This is interest the federal government pays on its debt, from the national accounts, at a seasonally adjusted annual rate. It rises when debt grows or interest rates go up.
- Official title
- Federal government current expenditures: Interest payments
- Units
- Billions of dollars
- Frequency and adjustment
- Quarterly, seasonally adjusted
- Original source
- U.S. Bureau of Economic Analysis
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| Date | Value | Change | From a year ago |
|---|---|---|---|
| Q2 2026 | $1.28T | +2.1% | +6.9% |
| Q1 2026 | $1.25T | -1.0% | +7.0% |
| Q4 2025 | $1.27T | +2.2% | +8.5% |
| Q3 2025 | $1.24T | +3.4% | +8.1% |
| Q2 2025 | $1.20T | +2.3% | +9.2% |
| Q1 2025 | $1.17T | +0.3% | +10.1% |
| Q4 2024 | $1.17T | +1.9% | +13.6% |
| Q3 2024 | $1.15T | +4.5% | +18.6% |
| Q2 2024 | $1.10T | +3.1% | +22.5% |
| Q1 2024 | $1.06T | +3.5% | +23.3% |
| Q4 2023 | $1.03T | +6.4% | +24.8% |
| Q3 2023 | $0.97T | +7.9% | +28.6% |
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This page shows public economic data for general information. It is not financial advice and does not predict future values.
Sources
- U.S. Bureau of Economic Analysis, Federal government current expenditures: Interest payments [A091RC1Q027SBEA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/A091RC1Q027SBEA, Oct 27, 2026.
- View A091RC1Q027SBEA on FRED® · U.S. Bureau of Economic Analysis
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