{"id":11515,"date":"2026-07-10T11:30:45","date_gmt":"2026-07-10T11:30:45","guid":{"rendered":"https:\/\/www.fintechpulse8.com\/?p=11515"},"modified":"2026-07-10T11:30:45","modified_gmt":"2026-07-10T11:30:45","slug":"cbo-u-s-treasury-has-borrowed-155-billion-every-month-of-this-fiscal-year","status":"publish","type":"post","link":"https:\/\/www.fintechpulse8.com\/?p=11515","title":{"rendered":"CBO: U.S. Treasury has borrowed $155 billion every month of this fiscal year"},"content":{"rendered":"

<\/p>\n

Despite concerns from debt hawks, the U.S. government is continuing to borrow at pace: For the fiscal year of 2026 so far, the federal deficit has totaled just under $1.4 trillion.<\/p>\n

The first nine months of this fiscal year (beginning in October) have now surpassed the borrowing levels of 2025, when deficits totaled<\/span><\/span> just over $1.3 trillion for the same period.<\/p>\n

At the time of writing, the total U.S. national debt sits at $39.4 trillion, accumulated under administrations led by both Republicans and Democrats.<\/p>\n

\n

As such, the monthly borrowing for 2026 now sits at roughly $155 billion, or $39 billion per week. And, like any borrower, that debt carries an interest cost. The latest monthly budget review from the Congressional Budget Office (CBO) confirms that net interest on public debt for the fiscal year has hit $857 billion: roughly $23.8 billion a week.<\/p>\n

This is approximately $100 billion more (13%) than the interest paid out in the first nine months of 2025, the CBO adds, owing to a higher total debt burden than last year and higher long-term interest rates. <\/p>\n

In fact, interest payments on the debt are now $20 billion larger than the outlays for the Departments of Defense, Commerce, Homeland Security, Education, the Environmental Protection Agency, the Small Business Administration, and the U.S. Coronavirus Refundable Credits scheme\u2014combined. <\/p>\n

Also contributing to the demand on government purse springs is the increasing demand for social security, Medicare and Medicaid.<\/p>\n

Spending for\u00a0Social Security\u00a0benefits rose by $62 billion (or 5%) because of increases in average benefits and in the number of beneficiaries, CBO noted. In comparison, Medicare\u00a0outlays increased by $58 billion (8%) due to higher enrollment and higher payment rates for services. Rising costs per enrollee meant Medicaid spending increased by $49 billion (10%).<\/p>\n

This is a trend that isn\u2019t going anywhere: The U.S. population is aging. According to the Census Bureau, Americans\u2019 median age\u2014the age at which half of the population is younger, and half is older \u2014 continues to rise, climbing from 39.2 in 2024 to 39.4 in 2025.<\/p>\n

Men\u2019s share of the older population is particularly of note, the bureau adds. In 2001, there were 70.6 males for every 100 females age 65 and older, but by 2025, the ratio had increased substantially to 81.6.<\/p>\n

Debt trajectory<\/h2>\n

With the factors influencing Treasury spending only embedding further over the coming decades, those concerned about the U.S. fiscal trajectory are calling for action. <\/p>\n

So far, they haven\u2019t got much response\u2014though there is a growing sense of urgency among policymakers, according to experts. <\/p>\n

The latest CBO estimates have alarmed the likes of the Committee for a Responsible Federal Budget which, for a long time, has been lobbying the government to address its borrowing. <\/p>\n

In a statement shared with Fortune,<\/em> Maya MacGuineas, president of the committee, said: \u201cThe FY 2026 deficit has now passed the FY 2025 deficit\u2013and it is likely to stay that way for the rest of the fiscal year \u2026 We will likely borrow $2 trillion or more this fiscal year\u2014an astounding figure given that the economy keeps growing and unemployment is low.\u201d<\/p>\n

The current situation is \u201clikely the tip of the iceberg,\u201d MacGuineas adds, if policymakers don\u2019t make changes to entitlements and \u201cignore the need to cut spending and increase revenues,\u201d she adds: \u201cSocial Security and Medicare are within seven years of trust fund exhaustion, and action needs to be taken to prevent across-the-board cuts to both programs.\u201d <\/p>\n

MacGuineas advocated targeting a deficit of 3% of GDP, roughly half its current level, a proposal that has gained support across the political spectrum. But she also added that \u201cmore importantly,\u201d politicians should be \u201chonest with the public about the grave dangers we face by remaining on this unsustainable path.\u201d<\/p>\n<\/div>\n

#CBO #U.S #Treasury #borrowed #billion #month #fiscal #year<\/p>\n","protected":false},"excerpt":{"rendered":"

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