🔴 US debt just hit $39.93 trillion — literally days away from $40T
That already blows past the CBO's $39.4T full-year forecast from six months ago.
July deficit? $432B. Largest July on record. YTD deficit through 10 months: $1.79T, third-worst in history. We're tracking toward $2T+ for the full year — only the third time ever, after 2020 and 2021.
The $41.1T debt ceiling could get hit by early 2027. Congress will have to deal with it again.
This isn't a forecast anymore. It's the current run rate. And it's accelerating into completely uncharted fiscal territory.
That already blows past the CBO's $39.4T full-year forecast from six months ago.
July deficit? $432B. Largest July on record. YTD deficit through 10 months: $1.79T, third-worst in history. We're tracking toward $2T+ for the full year — only the third time ever, after 2020 and 2021.
The $41.1T debt ceiling could get hit by early 2027. Congress will have to deal with it again.
This isn't a forecast anymore. It's the current run rate. And it's accelerating into completely uncharted fiscal territory.