The United States has about $9 trillion in debt maturing in 2026

The U.S. government has about $9 trillion in debt maturing in 2026, primarily from the large issuance of five-year Treasury bonds during the pandemic in 2021. In 2021, the interest rate on U.S. Treasury bonds issued by the Treasury Department was as low as 0.8%, and these bonds will be extended at an approximate interest rate of 4.0% in 2026.

This means that the interest cost of this batch of bonds will instantly quadruple. Therefore, it is expected that in 2026, the interest cost of U.S. Treasury bonds will exceed $1 trillion for the first time. To maintain the normal operations of the government, the U.S. Treasury Department must issue nearly $11 trillion in Treasury bonds in 2026, of which $1.7 trillion will be used to cover new funding for the deficit, and $9.3 trillion will be used to roll over debts maturing in 2026 and new interest.