evidence: Treasury: $1.5 Trillion Deficit in First 10 Months of Fiscal Year The United States borrowed $1.5 trillion in the first ten months of fiscal year 2024, including $244 billion in July, according to the latest Monthly Treasury Statement from the Treasury Department. [...] America is sleep-borrowing $5 billion a day. Despite the number of warnings about our fiscal health, the message continues falling on deaf ears. Our elected officials have slept through so many alarm bells that we’ve racked up over $1.5 trillion in deficits this year, and the interest on our debt alone is more than we spend on national defense.