U.S. Debt Nears GDP As Interest Costs Climb

Benzinga

Federal revenue jumped in 2025, but the deficit stayed at $1.8T as debt interest topped $1T—surpassing defense and Medicare costs. Trump’s tariff surge doubled customs revenue, yet soaring obligations keep U.S. debt near record highs.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Federal revenue surged in 2025 and the budget deficit held steady at $1.8 trillion.

00:07Social Security, Medicare and interest costs continue to climb, according to The Wall Street

00:11Journal. The U.S. collected $195 billion in customs duties, where they doubled the prior

00:16year, turned by Trump's tariff hikes. The tariff still accounted for just 3.7 percent

00:20of total federal revenue. An interest on the U.S. public debt surpassed $1 trillion

00:25for the first time, exceeding Medicare and defense spending and consuming one-fifth

00:30of federal tax revenue. Trump's Department of Government Efficiency, or DOGE, achieved

00:35limited savings through layoffs and grant cuts. Overall spending excluding interest

00:39rose 4 percent. Publicly held U.S. debt is nearing 100 percent of GDP and is projected

00:44to exceed the 1946 record of 106 percent within the next few years.

00:48For all things money, visit Benzinga.com.

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