Congressional Budget Office estimates US borrowed $1.8 Trillion in first 10 months of FY2026

The Congressional Budget Office estimated Monday in its newest monthly budget review that the United States has borrowed $1.8 trillion in the first ten months of Fiscal Year 2026, including $431 billion in July.

The Committee For a Responsible Federal Budget said the amount translates to approximately $6 billion a day and it expects the U.S. to surpass $2 trillion in borrowing in the current fiscal year despite not being in a recession. 

"Incredibly, such an enormous level of borrowing barely scratches the surface of our fiscal deterioration," CFRB President Maya MacGuineas said in a statement. "We are about to hit the sobering milestone of $40 trillion in gross national debt, and things are only likely to get worse.

"If lawmakers want to correct our fiscal course, they should start by targeting a reasonable fiscal goal, like 3% of GDP deficits, and then create a bipartisan commission to figure out how we should get there," she continued. "We can no longer afford to put off the difficult decisions – the time to act is now."  

The CBO said the estimate is $169 billion more than the deficit in the first 10 months of fiscal year 2025.

Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.