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This year's budget deficit has almost reached $2 trillion. It's not over yet.
The U.S. has already surpassed its 2025 budget deficit with about a month and a half left to go in its fiscal year. According to the Congressional Budget Office, the government is on track to borrow more than $2 trillion in fiscal year 2026.
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hindustantimes.com
US federal deficit set to hit $2.1 trillion as spending outpaces tax revenue, CBO says
US federal deficit is expected to hit $2.1 trillion in 2026 as spending rises faster than tax revenue, while debt interest and benefit costs climb. | Business News
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cnbc.com
U.S. budget deficit surged in July to highest level since March 2021
Beyond the big single-month jump, the collective red ink over the 10 months of the fiscal year rose to nearly $1.8 trillion, surpassing the same period in 2025.
