The first four months of fiscal year 2026 got off to an expensive start for the U.S., according to the latest estimates from the Congressional Budget Office (CBO) .
The CBO released a report yesterday detailing that, for the first third of FY26 (which began in October), the U.S. government operated at a deficit, and so borrowed $696 billion. That included $94 billion in January alone, and works out to an average of $43.5 billion for each of the 16 weeks of the four months since.
While America’s government spending outweighs its revenue generation, its finances are also negatively compounded by the interest payments needed to maintain its debt. Total national debt now sits at more than $38.5 trillion. U.S. GDP is about $31 trillion, according to the Federal Reserve Bank of St. Louis.
"America borrowed $43.5 billion a week in the first four months of the fiscal year, with debt interest on track to be over $1 trillion for 2026" https://t.co/2PBD5escW8 pic.twitter.com/rTJXR6L30A
— Scott Lincicome (@scottlincicome) February 10, 2026
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