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 of the four months since.

While America’s...