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CBO: U.S. Treasury has borrowed $155 billion every month of this fiscal year | Fortune

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US Secretary of the Treasury Scott BessentMandel NGAN / AFP - Getty Images

Despite concerns from debt hawks, the U.S. government is continuing to borrow at pace: For the fiscal year of 2026 so far, the federal deficit has totaled just under $1.4 trillion.

The first nine months of this fiscal year (beginning in October) have now surpassed the borrowing levels of 2025, when deficits totaled just over $1.3 trillion for the same period.

At the time of writing, the total U.S. national debt sits at $39.4 trillion, accumulated under administrations led by both Republicans and Democrats.

As such, the monthly borrowing for 2026 now sits at roughly $155 billion, or $39 billion per week. And, like any borrower, that debt carries an interest cost. The latest monthly budget review from the Congressional Budget Office (CBO) confirms that net interest on public debt for the fiscal year has hit $857 billion: roughly $23.8 billion a week.

This is approximately $100 billion more (13%) than the interest paid out in the first nine months of 2025, the CBO adds, owing to a higher total debt burden than last year and higher long-term interest rates.

In fact, interest payments on the debt are now $20 billion larger than the outlays for the Departments of Defense, Commerce, Homeland Security, Education, the Environmental Protection Agency, the Small Business Administration, and the U.S. Coronavirus Refundable Credits scheme—combined.

Also contributing to the demand on government purse springs is the increasing demand for social security, Medicare and Medicaid.

Spending for Social Security benefits rose by $62 billion (or 5%) because of increases in average benefits and in the number of beneficiaries, CBO noted. In comparison, Medicare outlays increased by $58 billion (8%) due to higher enrollment and higher payment rates for services. Rising costs per enrollee meant Medicaid spending increased by $49 billion (10%).

This is a trend that isn’t going anywhere: The U.S. population is aging. According to the Census Bureau, Americans’ median age—the age at which half of the population is younger, and half is older — continues to rise, climbing from 39.2 in 2024 to 39.4 in 2025.

Men’s share of the older population is particularly of note, the bureau adds. In 2001, there were 70.6 males for every 100 females age 65 and older, but by 2025, the ratio had increased substantially to 81.6.

With the factors influencing Treasury spending only embedding further over the coming decades, those concerned about the U.S. fiscal trajectory are calling for action.

So far, they haven’t got much response—though there is a growing sense of urgency among policymakers, according to experts.

The latest CBO estimates have alarmed the likes of the Committee for a Responsible Federal Budget which, for a long time, has been lobbying the government to address its borrowing.

In a statement shared with Fortune, Maya MacGuineas, president of the committee, said: “The FY 2026 deficit has now passed the FY 2025 deficit–and it is likely to stay that way for the rest of the fiscal year … We will likely borrow $2 trillion or more this fiscal year—an astounding figure given that the economy keeps growing and unemployment is low.”

The current situation is “likely the tip of the iceberg,” MacGuineas adds, if policymakers don’t make changes to entitlements and “ignore the need to cut spending and increase revenues,” she adds: “Social Security and Medicare are within seven years of trust fund exhaustion, and action needs to be taken to prevent across-the-board cuts to both programs.”

MacGuineas advocated targeting a deficit of 3% of GDP, roughly half its current level, a proposal that has gained support across the political spectrum. But she also added that “more importantly,” politicians should be “honest with the public about the grave dangers we face by remaining on this unsustainable path.”

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
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acdha
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We call it reverse DOGE-style
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LeMadChef
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‘Misuse’ of crowd-control weapons on ICE protesters led to blindings and traumatic brain injuries, report finds | ICE (US Immigration and Customs Enforcement) | The Guardian

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It’s been a brutal tactic deployed by local and federal law enforcement officials time and time again over the past year: using teargas, rubber bullets and pepper spray to control protests outside ICE detention centers or during enforcement operations.

Now, a new report lays bare the scale of the use of these crowd-control weapons during anti-immigration demonstrations across the US, including hundreds of incidents that resulted in lasting and traumatic injuries.

The report and an interactive map was created by Physicians for Human Rights (PHR) and the Human Rights Center at the University of California, Berkeley (HRC) and released this week. Doctors and human rights experts with PHR and HRC documented 412 verified incidents of the “misuse” of these crowd-control weapons, also known as “less-lethal weapons”, from June 2025 through May 2026.

“This is a concerning story,” said Dr Rohini Haar, the lead author of the report and a PHR medical expert, in an interview.

The report documented 203 injuries stemming from the alleged misuse of the crowd-control weapons. Some of the injuries included blindings, traumatic brain injuries, lacerations, fractures and contusions.

The researchers struggled to confirm the full scale of the injuries, because “visual investigative techniques cannot adequately assess invisible injuries, such as chemical injury or chronic pain or hearing loss”.

“The true number of injuries is likely far greater,” the report adds.

Such tactics were on display earlier this summer, when dozens of protesters gathered outside the Delaney Hall immigration detention center in Newark, New Jersey, in solidarity with detained immigrants on hunger strike. As protests became more and more heated, a line of masked Immigration and Customs Enforcement (ICE) officials stood outside to guard the detention center.

During a scuffle, ICE officials pepper sprayed Andy Kim, a New Jersey senator, making national news and helping set off one of the country’s flashpoints in demonstrations against the Trump administration’s immigration enforcement operations.

State police officers stand behind shields as tear gas fills the area outside the Delaney Hall detention center during a protest in Newark, New Jersey. Photograph: Andrés Kudacki/AP

In the days and weeks that followed, local and state officers also moved in on protesters, using batons and shields, deploying teargas canisters and arresting dozens. Many were injured during the demonstrations outside Delaney Hall by the crowd-control weapons that the local, state and federal officers used.

The use of crowd-control weapons in New Jersey was not new – local, state and federal law enforcement officers have used them nationwide on protesters opposing the aggressive anti-immigrant arrests, detentions and deportations.

But their use has become widespread as the backlash against Trump’s immigration crackdown has grown – prompting researchers to track down incidents and the types of weapons used nationwide, and to establish a map where readers can see how those weapons have been used in their communities.

Haar began working on the report after she saw news of a pastor being blasted in the face with a chemical weapon by a federal official in Oakland. Haar and PHR have been researching the impacts of crowd-control weapons for years.

“Those weapons can cause harm,” Haar added. “It’s just when they’re used, how they’re used and if they’re used.”

DHS did not respond to inquiries about the report’s findings before publication.

The crowd-control weapons include chemical irritants, including teargas, pepper spray and Mace, along with “kinetic impact projectiles”, which include rubber bullets and bean bag rounds. Researchers with PHR and HRC also documented the use of stun grenades, water cannons and other “improvised” weapons, like horses and riot police shields.

Haar explained that they qualified “misuse” by a number of methods. First, they tracked whether people in “protected categories”, including journalists and health workers, were targeted by officials. Next, they documented whether vulnerable populations, including older people and children, were affected. And lastly, they tracked whether the weapons were used improperly, like using the weapons in close range, targeting people’s heads or going against the weapons’ manufacturing guidelines.

An Immigration and Customs Enforcement (ICE) agent fires teargas toward demonstrators and members of the press at the Delaney Hall Detention Facility. Photograph: Olga Fedorova/EPA

A report from earlier this year by ProPublica identified 70 children across the US who had been harmed by teargas or pepper spray – not just at protests, but during immigration enforcement operations as well.

On a national level, officials with the Department of Homeland Security (DHS), like ICE or Customs and Border Protection (CBP) officials, were responsible for over half of all misuse incidents – 64%. But local law enforcement officers also played a role in many incidents.

“The involvement of state and local [authorities] is also concerning,” Haar added. “Because in many places, they’re coming on top of what is already happening with DHS. But in places like Los Angeles, there is a lot more involvement [of local law enforcement officials].”

The researchers found that there was an increase in the use of these weapons during immigration enforcement surge operations under the command of former border patrol commander-at-large Gregory Bovino, who took a hardline approach to his enforcement tactics. After the shooting deaths of two US citizens in Minneapolis by federal immigration officials, Bovino was pulled from his position. He became critical of the Trump administration, accusing them of not taking a tough-enough approach, and retired in March of this year.

“In each city where there were federal directions to escalate enforcement, incident counts rose sharply within days,” PHR said in a statement announcing the report and the map. “Much of this was coincident with the arrival of Greg Bovino.”

“Many of the enforcement operations that coincided with spikes in documented misuse were also promoted through public social media accounts, including Bovino’s,” PHR continued.

For researchers, the scale of the use of the crowd-control weapons harkened back to law enforcement’s response to the 2020 racial justice protests. That year, protesters throughout the country took to the streets to protest police killings of Black people throughout the US. And in some cities, the border patrol’s elite unit participated in arrests and crowd-control operations.

Since June 2025, mass protests have erupted in Los Angeles, Chicago, Minneapolis, Newark and Portland. The report documented that over 90% of the documented “misuse” incidents happened in those regions.

DHS and local law enforcement officials have fallen under repeated criticism for their response to the protests and their aggressive use of force. Since January of 2025, federal immigration officials with DHS have been responsible for at least 11 shooting deaths. The two most recent fatal shootings by immigration authorities took place this month, less than one week apart, in Texas and in Maine.

On 7 July, ICE agents shot and killed Lorenzo Salgado Araujo, a 52-year-old construction worker, during an arrest operation in Houston as he drove his work van. And on Monday, a 26-year-old Colombian man was shot and killed by a federal official in Biddeford, Maine, DHS confirmed.

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LeMadChef
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acdha
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Washington, DC
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More than two dozen artists bring new perspectives to a 150-year-old state

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Curators at the Museum of Contemporary Art Denver crisscrossed Colorado to put together the upcoming exhibition, “Colorado Currents"
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I Regret To Say That GMail is Now a Spam Farm, or, Why You Should Really Get That Dedicated Email Address Now

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If you read this site regularly, then you’ll know in the past year there’s been a marked increase in “AI” spam and scams designed to try to con writers (generally, and in the emails that come here, me specifically) into sending money off to strangers for various marketing services. At this point these emails are so predictable that the vast majority of them are immediately sent to my spam folder, and those that still manage to show up in my email proper are recognizable by their subject lines, and are then manually punted into spam unread. It’s all very predictable and I assure you that no one — no one — has ever been so interested in “marketing” my work as these spam emails have claimed to be in these last several months.

Aside from their predictable subject lines and verbiage, there’s also one other thing that these spam emails have in common: 99.9% come from GMail accounts. Once in a blue moon one will come from yahoo or aol or some other general mail service, but they are a rarity. Almost all of them are GMail. One one hand, congrats to Google, I suppose, for cornering the stand-alone email market so completely that even scammers are impressed with its ease of use. Surely that is some sort of sign of success.

On the other hand, if you are a person who relies on GMail as your primary email, this means that if you are trying to send me mail, you now run a much higher chance of being deposited into my spam folder. So much of the email I get from GMail accounts at this point is spam that an actual Gmail email, from an actual person, is statistically relatively rare. To be fair, if you write that email to me yourself with your own little fingers, your chances of hitting my actual inbox are pretty decent. But if you used GMail’s onboard “AI” to “help” you write that email, you are likely going directly to the spam folder. The GMail spam filter is now trained to recognize “AI” slop sentences, even those written by GMail itself. Yes, there is probably irony there.

And if you are an actual business concern, using a GMail account to try to reach me about something regarding my books? 100% going to the spam folder. Every time. I’m sorry scammers have ruined things for you, but that’s where we are at the moment.

This fact about GMail gives me no joy. I have had a GMail account basically since they’ve been available, and I use the GMail interface as the front end for my john@scalzi.com email account. It’s handy and useful! But at this point it’s been so swamped with scammers, and so much of the email I get from the domain is junk, that every email I get from GMail now is suspect until proven otherwise. I can’t imagine I am the only writer, or person, in this situation these days.

I have long been a proponent of writers and other creators having their own domains, personalized emails and websites (and other people and businesses too), and while I understand getting one’s own domain and email address is not the easiest thing in the world to set up, even now, the growing spamification of GMail is actually a very good reason to do it. For one thing, it’s going to be the difference between tripping my spam filter or getting into my inbox. As noted above, GMail now goes into the spam filter more often than not, and while I try to comb through the spam filter before deleting the whole queue, I will inevitably miss things.

For another thing, an email on a dedicated domain that corresponds to your name/business is going to go a long way to verifying that you are who you say you are, rather than just another spammer — especially now, because lots of spammers are pretending to be writers and other creators or organizations from impostor GMail accounts. I can’t assume anymore that someone contacting me from a GMail account is legitimately who they say they are. I mean, I got GMail just yesterday from “Margaret Atwood,” wanting to tell me how much she loved my book as a prelude to trying to suck money out of my wallet. I would love for the actual Margaret Atwood to tell me she enjoyed my work. I rather doubt she needs my money. And I very much doubt that this GMail account was legit.

All of which is to say: Please get your own domain for your email. Especially if you are a writer or creator, but even more especially if you are an ongoing business concern. Bluntly, your own domain and email are table stakes for businesses. The spam problem isn’t going to get any better, folks. I’ve been online now for 35 years. It’s never once gotten better since I’ve been here.

Also, don’t use “AI” to write your emails. My spam filter will grab your email really fast if you do. Use your own brain and fingers.

Finally, Google, if you’re listening, and I know you are because you scrape this site enough: Fix your damn GMail spam problem. It’s ruining one of your signature products. Not just for you. For all the rest of us, too.

— JS

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LeMadChef
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hahah! Security through obscurity works again (I'm at Hotmail)
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Murder is the sport of the unelected

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Good interview with Atul Gawande about the impact of Elon feeding USAID into the wood chipper:

This is an enormous number, so I think it would be worth specifying: people where? People dying of what? Maybe if you could put some more specificity on this, then it ceases to be just a gigantic number.

Yeah—this is an example of what Richard Rhodes, the historian, called “public man-made death.” A big part of what U.S.A.I.D. did was humanitarian response: disaster relief for tens of millions of people who are fleeing war or in conflict zones or were driven out by floods, and those kinds of things. W.H.O. estimates that, where eighty million people were reached by emergency-health services in 2024, that number in 2025 dropped by more than fifty million people. That included, for example, fourteen million people who were victims of severe, acute malnutrition. 2.5 million of them were children.

Like, a peanut bar that gives you your calories for the day, distributed by community health workers, that the U.S. manufactured, but was cut off—that cut the death rate to less than one per cent. That’s just one category. Another one is childbirth. You know, many of these people who are being forced out of their homes are pregnant. They deliver thousands of babies, and die when they have no services. Another example is Ukraine, which was the biggest single beneficiary of aid—and that was energy infrastructure that kept heat going. It was services for three and a half million children and pregnant women displaced from their homes.

I could go into the H.I.V. story. I could go into the tuberculosis story. I could go into the ways that U.S.A.I.D. was insuring that vaccines were going out in the world. We’re not even beginning to see the vaccine-preventable deaths, the H.I.V. deaths, the TB deaths rise. We know these are only going to grow with time.

If Dems retake the House in the midterms hearings about DOGE should be a top priority, to set up prosecutions during the next Democratic administration.

The post Murder is the sport of the unelected appeared first on Lawyers, Guns & Money.

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LeMadChef
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Trump administration stopped monitoring diarrhea parasite

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Make America Healthy Again!

The Centers for Disease Control and Prevention have warned about a growing parasitic outbreak that causes explosive diarrhea, which has delighted and disgusted the internet, because of course it has. It’s a little on the nose even for the low standards of public health we’ve become accustomed to under the Trump administration.

But it’s really no laughing matter. Michigan alone has reported more than 1,250 cases of cyclosporiasis, according to state officials, with 44 patients ending up in the hospital. That’s a lot more than the average of 50 cases the state sees annually. More than 30 other states are also reporting infections.

Cyclospora cayetanensi, the culprit responsible, is a microscopic parasite that attacks the intestinal tract, typically spread by unwashed produce like lettuce and green onions. It’s not yet clear what the source of these outbreaks are. Some Michigan Taco Bell locations, for example, are taking no chances and stopped offering cilantro, pico de gallo, guacamole and other fresh ingredients in their food. Infections are rarely life-threatening but the symptoms of watery diarrhea and explosive bowel movements are certainly severe. Cyclospora is not a new pathogen by any stretch, but the sheer numbers here are surprising, even to health officials.

Yet, this result was absolutely foreseeable and several medical experts predicted as much. Last year, the CDC stopped mandatory monitoring for six different foodborne illnesses, including cyclospora. The agency still has its eyes on Salmonella and a form of E. coli, but due to an onslaught of funding cuts and staffing shortages, it has had to shift priorities.

The underlying condition is a good metaphor for Trump 2.0 generally and Elon Musk’s interregnum as de facto president specifically.

The post Trump administration stopped monitoring diarrhea parasite appeared first on Lawyers, Guns & Money.

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LeMadChef
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