US Treasury Secretary Bessent stated that the US national debt has reached approximately $41 trillion. He made these remarks while attending a policy forum in Washington on the 9th. The government is currently developing a fiscal consolidation plan to address the growing deficit. This plan aims to reduce the pressure of issuing Treasury bonds and…
The U.S. Department of the Treasury announced that FinCEN identified approximately $270 million in suspicious financial activity linked to federal student aid fraud. These findings have been referred to federal investigators to pursue potential fraud schemes and ensure accountability. Since a July 2026 alert, financial institutions filed nearly 100 suspicious activity reports, revealing over 20,000…
Officials from the Bureau of the Fiscal Service, FDIC, and EXIM Bank discussed strategies to combat sophisticated fraud at a recent forum. Justin Marsico highlighted the success of the Do Not Pay system, noting participation rose to 99 percent this year. He also emphasized the importance of data-sharing agreements, such as the partnership with the…
The U.S. Treasury reported that debt-service spending hit a record $1.36 trillion for fiscal year 2026. The fiscal deficit expanded to $1.99 trillion as government spending reached $7.40 trillion, exceeding record tax receipts of $5.40 trillion. This increase in borrowing has added pressure to long-term Treasury bond prices, with the iShares 20+ Year Treasury Bond…
The Fed’s balance sheet is distributed across the 12 banks that make up the Federal Reserve System. The assets and liabilities on the balance sheet reflect the Fed’s role in conducting the nation’s monetary policy and supporting financial market stability.
The US Treasury announced it will sell 75 billion dollars of 17-week bills on October 21, 2026. It also plans to auction 105 billion dollars of 8-week bills and 110 billion dollars of 4-week bills on October 22. All of these auctions are scheduled to settle on October 27. The article notes that such routine…
The US Treasury Department reported that total federal debt outstanding reached $40.41 trillion on October 21, 2026. This figure represents an increase of $301.5 billion from the previous month and a rise of $2.39 trillion compared to the same date in 2025. Debt held by the public accounted for $32.57 trillion, while intragovernmental holdings made…
The U.S. government’s 2026 fiscal year ended on September 30, 2026. At the end, the federal government’s total public debt outstanding stood at $40,171,825,101,340.31. Because that’s an insanely big number, let’s spell it out in pieces.
The Treasury reported that net interest payments on federal debt reached 19.5% of net receipts in fiscal year 2026, the highest level since at least 1940. This figure exceeds national defense spending and reflects a larger outstanding debt stock rather than higher interest rates, which averaged 3.518% in September 2026. With $17.507 trillion of marketable…
The Rhode Island General Assembly announced that the Revenue & Caseload Estimating Conference will run from October 27 to November 10, 2026. State Budget Officer Joseph Codega Jr., House Fiscal Advisor Sharon Reynolds Ferland, and Senate Fiscal Advisor Stephen Whitney will lead the process to reach consensus on revenue and expense estimates. The schedule includes…