U.S. Treasury borrowed $155 billion every month this fiscal year. Now paying $24 billion a week interest
Fortune reports: 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. The first nine months of this fiscal year (beginning in October) have now surpassed the borrowing levels of 2025, when deficits totaled just over $1.3 trillion for the same period. At the time of writing, the total U.S. national debt sits at $39.4 trillion, accumulated under administrations…