November 1, 2026

Budget, Personal Loans

Federal Debt Grew $421.8 Billion in October, the Most Since July 2025

The neoclassical stone facade of the U.S. Treasury Department building in Washington lit by low dawn sunlight, with bare autumn tree branches in the foreground and heavy grey clouds overhead.

Federal debt rose $421.8 billion in October 2026 to $40.593 trillion, the largest monthly increase since July 2025. Here is what it means for prime and mortgage rates.

Laura Adams
November 1, 2026