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National debt$40.10T FY2026 deficit$1.97T Debt per resident≈$117K FY2026 receipts$4.85T FY2026 outlays$6.81T Operating balance$959.6B Figures as of Sep 28, 2026 · Sourced from U.S. Treasury data

Contract Spotlight | Federal Spending

Contract Spotlight: A $22.3 million Veterans Affairs contract funds restoration of a historic theater building

USAspending records for October 16 to 22, 2026 show a $22,288,546.00 definitive contract to VALIANT CONSTRUCTION LLC from the Department of Veterans Affairs for restoration construction on historical Theater Building No. 35, recorded on October 20, 2026.

Key takeaways

  • USAspending records show a $22,288,546.00 definitive contract to VALIANT CONSTRUCTION LLC from the Department of Veterans Affairs on October 20, 2026.
  • The stated purpose was restoration of historical Theater Building No. 35, recorded as a construction contract, award identifier 36C24927C0003.
  • The contract is about 4.0 percent of the Veterans Affairs contract week of $558,912,891.46 across 1,409 transactions.

A theater building, recorded as a construction line

Some contract lines point to a building most readers will never visit. Most people will never see this one either. On October 20, 2026, USAspending recorded a $22,288,546.00 definitive contract, award identifier 36C24927C0003, to VALIANT CONSTRUCTION LLC from the Department of Veterans Affairs. The description in the record names the work plainly: restoration of historical Theater Building No. 35, construction. In plain English, this is a building project on a historic theater structure in the Veterans Affairs facility system, recorded as one contract action on one date for one named recipient.

That is the line in the record the headlines skipped: amid benefit payments and health system orders, the department also records construction work on the buildings where its services take place, and each project enters the public trail with its own amount, date, and award identifier, separate from the operating costs around it.

Where this contract sits in the Veterans Affairs week

The Department of Veterans Affairs obligated $558,912,891.46 across 1,409 contract transactions with action dates from October 16 to 22, 2026, the largest department total that week in the USAspending records compiled by the Ledger. The Valiant Construction contract of $22,288,546.00 accounts for about 4.0 percent of that department total. It was smaller than the largest health record and facility actions that week, and larger than the hundreds of small orders that make up most of the transaction count. Contract obligations are recorded on the action date and are not the same as cash paid that day, a distinction the Ledger keeps on every spotlight.

Yesterday the spotlight followed an energy savings order to Ameresco. Tomorrow the spotlight picks up the next notable award in the records. Followers get a named recipient, an exact figure, and a stated purpose, every morning, and tonight the Daily Brief carries the latest debt close.

Data vintage: USAspending contract transactions with action dates from October 16 to 22, 2026, compiled October 26, 2026. Figures are net federal action obligations per transaction in that period.

Sources

1. U.S. Department of the Treasury, Fiscal Data, Debt to the Penny dataset: https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny

2. USAspending award record for VALIANT CONSTRUCTION LLC, award 36C24927C0003: https://www.usaspending.gov/award/CONT_AWD_36C24927C0003_3600_-NONE-_-NONE-/

Source: U.S. Department of the Treasury, Daily Treasury Statement, September 28, 2026; Debt to the Penny.

Sources and methodology

Methodology. Daily cash figures are from the U.S. Treasury’s Daily Treasury Statement (DTS) for September 28, 2026, the government’s official daily cash-flow report. The DTS records money actually moving in and out of Treasury accounts; it is not the same as the budget deficit, which is measured monthly on an accrual-adjusted basis.

  • U.S. Department of the Treasury, Daily Treasury Statement – operating cash balance, September 28, 2026 (fiscaldata.treasury.gov)
  • U.S. Department of the Treasury, Debt to the Penny – September 28, 2026 (fiscaldata.treasury.gov)

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