U.S. Debt Hits $39T; Lummis Pushes Treasury to Buy 1M BTC in 5 Years
2026-07-13 12:34

Woofun AI reports that U.S. national debt exceeded $39 trillion in mid-March, with public debt passing $31 trillion. The Congressional Budget Office forecasts a $1.9 trillion deficit for fiscal year 2026 and public debt reaching $56 trillion by 2036.

Senator Cynthia Lummis is advancing the BITCOIN Act, which mandates the U.S. Treasury acquire up to 1 million BTC within five years and hold them for at least two decades. Lummis estimates this strategy could reduce national debt by one-third to one-half, targeting purchase initiation by late 2026.

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