US federal budget deficit jumps 12% in one year to nearly $2 Trillion
Article URL: https://finance.yahoo.com/economy/policy/article/the-us-federal-budget-deficit-for-2026-just-came-in-its-1992-trillion-191917669.html Comments URL: https://news.ycombinator.com/item?id=50131440 Points: 199 # Comments: 198
The US federal budget deficit for 2026 reached $1.992 trillion in 2026, marking a 12% increase from the previous year's deficit of $1.775 trillion, according to the Treasury Department's final report. This deficit equates to about 6% of the US gross domestic product. Total revenues for the fiscal year amounted to $5.403 trillion, while total spending stood at $7.396 trillion.
The final numbers were published in the September Monthly Statement, which covers the last month of the US government's fiscal calendar. The mounting debt has raised concerns among economists, who warn that the US now routinely runs annual deficits seen only during recessions and wars. The national debt surpassed $40 trillion in August and is now over $40.3 trillion, with the latest debt-to-the-penny reading from the Treasury Department published on Wednesday at $40,329,229,827,541.02.
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