US fiscal 2026 budget deficit rises to $1.99 trillion, largest in 5 years

Economic Times - Oct 16, 2026

The US budget deficit for fiscal 2026 rose to $1.99 trillion, driven by increased tariff refunds and spending. Total spending for the year reached a record $7.40 trillion, while total receipts were $5.40 trillion. Net tariff receipts fell significantly, contributing to the deficit increase as refunds reached $145 billion. The debt-service outlays recorded a new high of $1.36 trillion during this fiscal year.

Read full article

More News

The Diva Today

Hottest news updates in Hollywood. Discover more on your favorite celebrities and get closer to them only here in The Diva Today.



Copyright © 2015 - 2026 The Diva Today. All Rights Reserved.