US Debt Nears WWII Levels Amid $38 Trillion Crisis

Report: U.S. added nearly $700 billion to national debt in four months

(The Center Square) – The U.S. government added $696 billion to the national debt over the past four months, borrowing $94 billion in the month of January alone, the Congressional Budget Office reports.

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

The first four months of fiscal year 2026 got off to an expensive start for the U.S., according to the Congressional Budget Office’s (CBO) latest estimates. 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 at an average of $43.5 billion for each of the 16 weeks…

U.S. added nearly $700 billion to national debt in four months, congressional budget office warns

Alarming number further heightens the risk America will experience some kind of financial crisis unless deficits are tamed, Committee for a Responsible Federal Budget's Maya MacGuineas says.

Outlook for the Budget and the Economy

CBO's Budget and Economic Outlook, typically produced in January each year and updated in August, includes an economic forecast and projections of spending and revenues under current law—known as baseline projections—over the next 10 years. CBO also updates its budget projections each spring in conjunction with its analysis of the President's budgetary proposals. By showing outcomes if current laws generally remained in place, the baseline proje…

Debt Fixer | Committee for a Responsible Federal Budget

Debt Fixer

With The U.S. Debt A Staggering $38 Trillion Dollars, Who Exactly Do We Owe?

As we enter 2026, there is no better time to review our finances. With the national debt surpassing $38 trillion, here are the three countries we owe the most.