The United States borrowed $432 billion in July, setting a new historical high
2026-08-13 04:15:58
According to CoinMeta, the United States borrowed $432 billion in July, averaging $14 billion per day, setting a record for the highest deficit in July. This deficit is the largest monthly deficit since March 2021 when COVID-19 relief expenditures began. According to data from the Treasury Department, expenditures mainly included: $174 billion for healthcare, $141 billion for social security, $104 billion for national debt interest payments, and $33 billion for tariff refunds. The deficit over the past 10 months has reached $1.8 trillion, and it is estimated that the annual deficit will reach $2.1 trillion. The Supreme Court's tariff rulings are expected to result in a loss of $250 billion in anticipated revenue. Interest payments have become the third-largest expense for the United States, after social security and healthcare, with total debt approaching $39.9 trillion.
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