U.S. Government Borrowed $43.5 Billion Per Week in First Four Months of Fiscal Year
Federal borrowing has reached an extraordinary pace, with the U.S. government taking on $43.5 billion in new debt each week over the first four months of the fiscal year. This rate underscores the widening gap between government revenue and expenditures as spending on entitlements, defense, and interest payments continues to climb.
The borrowing trend raises concerns among economists and fiscal hawks about the long-term sustainability of U.S. debt levels. With interest rates remaining elevated compared to the near-zero era of previous years, the cost of servicing this debt is consuming an increasingly large share of the federal budget, potentially crowding out other priorities.
The borrowing trend raises concerns among economists and fiscal hawks about the long-term sustainability of U.S. debt levels. With interest rates remaining elevated compared to the near-zero era of previous years, the cost of servicing this debt is consuming an increasingly large share of the federal budget, potentially crowding out other priorities.