The U.S. Treasury is expected to borrow more than $2 trillion in fiscal year 2026, exceeding $166 billion monthly, according to the Office of Management and Budget's latest estimates released by Treasury Secretary Scott Bessent. Budget watchdogs have warned the $2 trillion deficit—roughly double the proposed 3% of GDP target—represents an unsustainable borrowing level that risks a future fiscal crisis.
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The U.S. Treasury is expected to borrow more than $2 trillion in fiscal year 2026, exceeding $166 billion monthly, according to the Office of Management and Budget's latest estimates released by Treasury Secretary Scott Bessent. Budget watchdogs have warned the $2 trillion deficit—roughly double the proposed 3% of GDP target—represents an unsustainable borrowing level that risks a future fiscal crisis.