The Economic Times

U.S. Treasury to borrow $2 trillion in 2026 as national debt nears $39 trillion is America quietly entering a dangerous fiscal crisis beyond Washingtons control?

U.S. Treasury is set to borrow over $2 trillion in fiscal year 2026, a federal deficit exceeding 6% of GDP. The Office of Management and Budget projects $2.06 trillion for FY2026 and $2.17 trillion for FY2027. That equals $166$181 billion in new debt every month. Interest payments alone hit $530 billion in just six months. National debt stands at $38.91 trillion. Budget experts call $2 trillion deficits eyond scary and warn of rising fiscal crisis risk. Reaching the 3% GDP deficit target requires $10 trillion in cuts over a decade.