Chicago – July 12, 2026
The U.S. Treasury has borrowed an average of $155 billion every month during the current fiscal year, highlighting the federal government’s growing reliance on debt to finance spending amid persistent budget deficits. The rapid pace of borrowing has also pushed interest expenses to record levels, with the government now paying about $24 billion every week to service its outstanding debt.
These rising costs have become one of the fastest-growing components of federal spending, reflecting the impact of higher interest rates and a steadily expanding national debt. Economists warn that mounting debt-servicing obligations could reduce fiscal flexibility, leaving fewer resources for public investment and increasing pressure on future budgets.
While Treasury officials maintain that U.S. debt remains manageable due to strong investor demand for government securities, analysts caution that sustained borrowing at current levels may intensify concerns over long-term fiscal sustainability and complicate efforts to control deficits in the years ahead.
