economy
March 12, 2026
US borrowed $1 trillion in five months
The US federal budget deficit has increased by $1 trillion since last October, the Congressional Budget Office has estimated
TL;DR
- The US government borrowed roughly $1 trillion in the five months following October.
- The Congressional Budget Office (CBO) reported the federal deficit has increased.
- Higher interest payments on public debt and increased government spending are contributing factors.
- The US military reportedly spent $5.6 billion on munitions during the first two days of its assault on Iran.
- A fiscal watchdog group warned that the current borrowing trend is unsustainable and called for deficit reduction.
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