The Congressional Budget Office estimates that US government borrowing for the first nine months of 2026 was $1.4 trillion.
In a new report by the Central Bank He says This figure is $35 billion higher than the deficit recorded during the same period last year.
The US government’s fiscal year runs from October 1 to September 30 of the following year.
Data from the Congressional Budget Office show that from October 2025 to June 2026, the US government has already spent $5.5 trillion, representing a jump of $178 billion from the same period last year.
Spending on entitlement programs such as Social Security, Medicare and Medicaid represents the bulk of the budget, totaling $2.551 trillion for the first nine months of the fiscal year. This number represents an increase of $169 billion compared to the same period last year. The US government also allocated $857 billion to cover the net interest on its public debt, while it allocated $677 billion to national defense.
He says Maya McGinnis, Chair of the Committee for a Responsible Federal Budget,
“We will likely borrow $2 trillion or more this fiscal year – a staggering number considering that the economy continues to grow and unemployment rates are low. This is likely the tip of the iceberg; borrowing will skyrocket if policymakers fail to get our entitlements under control, enact further unpaid tax cuts or spending increases, and ignore the need to cut spending and raise revenues. Social Security and Medicare are seven years away from exhausting their trust funds, and we must take action to prevent across-the-board cuts to both. Programs.”
Treasury Department data shows that the US government’s debt is more than $39.414 trillion.
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