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U.S. Deficit Hits $696 Billion in Early FY2026

2/11/2026

47 7 Full Breakdown

Summary

Story summary

The Congressional Budget Office (CBO) reported that the U.S. government operated a deficit in the first third of fiscal year 2026, borrowing $696 billion.
The figure includes $94 billion borrowed in January alone.
The borrowing averaged $43.5 billion per week over the first 16 weeks of FY2026.
The early months of FY2026 have proven costly for the country.

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Story summary

The Congressional Budget Office (CBO) reported that the U.S. government operated a deficit in the first third of fiscal year 2026, borrowing $696 billion.
The figure includes $94 billion borrowed in January alone.
The borrowing averaged $43.5 billion per week over the first 16 weeks of FY2026.
The early months of FY2026 have proven costly for the country.