Moody warns US of fiscal weakness as it borrows $8,000,000,000 a day

New data indicate the US government adds massive debt daily.

The independent, nonprofit Committee for a Responsible Federal Budget (CRFB) reports that the federal government borrows $8 billion a day to operate.


Its president, Maya MacGuineas, claims the government borrowed more than a quarter of a trillion dollars in the first month of the 2025 fiscal year, which runs from October 1, 2024, to September 30, 2025.

A $255 billion deficit in the first month of the fiscal year and $8 billion every day should remind us that our borrowing isn't slowing down.

MacGuineas worries that the government's rising debt might cut Social Security payouts in a decade.

“Our massive national debt remains consistent. Debt will reach its record percentage of the GDP in two years, and Social Security seniors will face inevitable benefit cutbacks in less than 10 years if politicians do nothing.

The CRFB is not alone in warning about the US government's unprecedented debt. According to Reuters, Moody's cautions that the government will pay higher interest rates to borrow if it keeps running significant budget deficits.

“The federal government's deteriorating fiscal strength will increasingly weigh on the US sovereign credit profile” without fiscal deficit limits.

Last November, Moody's cut the US's AAA credit rating outlook to “negative” from “stable,” citing budgetary weakness.

At now, the US debt is $35.95 trillion.

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