US Fiscal 2026 Budget Deficit Rises $217 Billion to $1.99 Trillion
The deficit was the largest in five years, Treasury figures show. Tariff refunds and record debt-service spending contributed to the increase.
Treasury Department figures reported Friday show the US budget deficit increased by $217 billion to $1.99 trillion in fiscal 2026. Tariff refunds and record debt-servicing costs on the nation’s more-than $40 trillion debt contributed to the rise. The shortfall was the largest in five years.