Politics · Important news for 19 August 2026
US annual interest costs on national debt reach $1.2 trillion
High borrowing costs and debt refinancing have pushed annual US interest costs to $1.2 trillion, exceeding defense spending as debt sits at 101% of GDP.
- US annualized interest costs have reached $1.2 trillion
- Interest costs now exceed defense spending
- Publicly held debt is approximately 101% of GDP according to the CBO
Trump administration moves to end Temporary Protected Status for over a million people
Zelensky Fires Deputy Head of Presidential Office Amid Corruption Probe
Trump expected to nominate Heidi Overton to lead FDA
US administration proposes rule change to open 44 million acres of pristine forest to logging
That's all the important news for now
Everything above cleared the significance threshold. You're free.