No sign of slowing down! Congressional Budget Office: Federal budget deficit reaches $1 trillion in the first 5 months of fiscal year 2026 in the United States.
According to reports from American media such as Fortune magazine and Fox Business News website, there is no sign of slowdown in the borrowing scale of the US Treasury Department after entering the 2026 fiscal year. The latest monthly budget review report released by the Congressional Budget Office on the 9th showed that the total federal budget deficit reached $1 trillion in the first 5 months before the 2026 fiscal year. Fortune magazine stated that this means the US has been borrowing $500 billion per week over the past 5 months. Fortune magazine mentioned that according to the report released by the CBO, the borrowing amount of the US government is expected to reach $308 billion in February alone.
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