Federal budget deficit hits $2T in first 11 months of fiscal year 2026, CBO reports

U.S. Deficit Hits $1.97 Trillion as Interest Costs Top $1 Trillion and Treasury Yields Near 5%

The federal government accumulated a $1.97 trillion deficit through the first 11 months of fiscal 2026 as debt-servicing costs surpassed $1 trillion and long-term Treasury ... The post U.S. Deficit Hits $1.97 Trillion as Interest Costs Top $1 Trillion and Treasury Yields Near 5% first appeared on [your]NEWS.

Federal budget deficit reaches $2T in first 11 months of fiscal year 2026, CBO reports

The federal government’s annual budget deficit reached $2 trillion after the first 11 months of fiscal year 2026, the nonpartisan Congressional Budget Office (CBO) reported. The CBO’s monthly budget update for August noted that the 11-month deficit total was $6 billion lower than the same period last year, though it explained that the difference was […]

Federal budget deficit hits $2T in first 11 months of fiscal year 2026, CBO reports

The federal government's annual budget deficit reached $2 trillion after the first 11 months of fiscal year 2026, the nonpartisan Congressional Budget Office (CBO) reported.

US Budget Deficit Nears $2 Trillion as Fiscal Pressures Intensify

The U.S. federal budget deficit is closing in on the $2 trillion mark, underscoring the mounting fiscal pressures facing the world’s largest economy as borrowing costs continue to weigh heavily on government finances.