Global Debt Interest Bill Hits $2 Trillion; US, France, UK Outspend Defense

Global government debt interest payments have reached $2 trillion annually, with the US, France, and the UK now allocating more to interest than defense. This reflects the cumulative impact of post-pandemic rate hikes and rising debt levels, straining fiscal budgets and potentially crowding out other spending. The trend signals persistent fiscal pressure in major economies, with implications for sovereign risk and market sentiment.