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US to borrow 2 trillion in 2026 as debt nears 39 trillion
Economy
Published on 8 May 2026
Interest costs already jump by billions every month
The US Treasury is projected to borrow over $2 trillion in fiscal year 2026, with deficits staying above 6% of GDP. That implies $166–$181 billion of new debt each month, while interest payments alone hit $530 billion in just six months. With national debt around $38.91 trillion, reaching a 3% deficit target would require about $10 trillion in cuts over a decade.
- FY2026 borrowing is projected to exceed $2 trillion
- Deficits remain above 6% of GDP in coming years
- Interest payments have surged to $530 billion in six months
- Cutting deficits to 3% GDP would take roughly $10 trillion
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times