U.S. Is Running Record Deficits

“The first four months of fiscal year 2026 got off to an expensive start for the U.S.,” Fortune reports.

“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.”