(Arlington, Va. – October 16, 2026) Concord Action Executive Director Carolyn Bourdeaux released the following statement in response to today’s U.S. Treasury report showing a fiscal year 2026 deficit of nearly $2 trillion:
“Week after week, we continue to receive dire warnings about the nation’s skyrocketing debt and unsustainable annual deficits, yet Washington continues to ignore these warnings. We all need to recognize that this is not just a threat to our future; it is affecting us now with rising interest rates that make borrowing more expensive for families, businesses and the federal government. Interest on the debt last year was over $1 trillion dollars. That’s not a recipe for economic growth.
“Every candidate on the 2026 campaign trail should be asked how they would work to put the budget on a sustainable track. Without real action on these vital fiscal issues, America is careening toward an ominous fiscal crisis that would leave all of us much worse off sooner than anyone in Washington apparently wants to believe.”
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