Business

Budget Deficit Surges to Record Level

Updated 2026-08-12 18:25 UTC 1 source Negative

The U.S. budget deficit surged in July to its highest level since March 2021, reaching nearly $1.8 trillion over the first ten months of the fiscal year.

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CNBC
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.
2026-08-12 18:19 UTC
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