U.S. FY 2026 Deficit Reaches $1.99T as Interest Tops $1.05T
The U.S. budget deficit reached $1.992 trillion in fiscal 2026 as net interest costs topped $1.05 trillion, intensifying Treasury issuance and yield pressures.
us budget deficit
US Borrows $432B in July; FY26 Deficit Already Tops FY25
July’s $432B deficit pushes FY26 borrowing past $1.8T in 10 months — more than all of FY25 — as tariff refunds bleed receipts and debt nears $40T.