US Budget Deficit Rises $217 Billion to Nearly $2 Trillion
The 2026 fiscal-year deficit was the largest in five years, Treasury figures showed. The report cited tariff refunds and record debt-service spending as factors.
Treasury Department figures showed the US budget deficit increased by $217 billion to nearly $2 trillion in the 2026 fiscal year. Tariff refunds and record costs to service the nation's more than $40 trillion in debt contributed to the rise, which marked the largest budget shortfall in five years.