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Federal Budget Deficit

U.S. Budget Deficit Nears $2 Trillion in Fiscal 2026, Treasury Reports

U.S. Budget Deficit Nears $2 Trillion in Fiscal 2026, Treasury Reports

Driven by net interest payments over $1 trillion and billions in tariff refunds, the U.S. federal budget deficit climbed to $1.99 trillion for fiscal year 2026.

Business ·17 Oct 2026, 13:03 ·Maeve Turner 4 min read