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Archived story · published October 8, 2026. Coverage reflects reporting at the time. See today's brief

Politics · October 8, 2026

The U.S. budget deficit climbed to nearly $2 trillion in the fiscal year that ended Sept. 30, deepening the federal government’s persistent red-ink trend

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Neutral Summary

The U.S. federal budget deficit rose to approximately $2 trillion for the fiscal year ending September 30, up from $1.8 trillion the previous year. This continues a long-term trend of significant federal borrowing and spending that exceeds revenue.

The U.S. federal budget deficit rose to approximately $2 trillion for the fiscal year ending September 30, up from $1.8 trillion the previous year. This continues a long-term trend of significant federal borrowing and spending that exceeds revenue.