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US Business · fortune.com · Sunday, 12 July 2026

Treasury’s $155 B monthly borrowing makes interest outlays eclipse key agency budgets

In FY 2026 the Treasury has borrowed about $155 billion each month, raising total debt to $39.4 trillion. At current rates that generates roughly $24 billion in interest each week, outspending the combined budgets of Defense, Commerce, Homeland Security, Education, EPA, SBA and COVID refunds. The trajectory threatens to crowd out other priorities.

Read the source: fortune.com ↗In the 12 July issue →