23% of federal revenue

The soaring national debt of $36 trillion, coupled with rising interest rates, is costing the U.S. government dearly. Currently, it pays a staggering $1.2 trillion annually in interest alone, based on a 12-month rolling average. This amounts to roughly 23% of all federal revenue from taxes, tariffs, and fees. At this point, printing more money is not a viable solution, as both the Treasury and the Federal Reserve are grappling with a complex financial dilemma.