From Seekingalpha · SchiffGold · · 40s
Government Deficit Hits $2T in Fiscal Year 2026
Federal deficit soars to $2 trillion as quarterly spending outpaces revenue.
In brief
Federal deficit soars to $2 trillion as quarterly spending outpaces revenue. The U.S. federal government's deficit reached $2 trillion in fiscal year 2026, with the largest single quarter deficit since Q4 2024 at $626 billion. Originally reported by Seekingalpha.
Quarterly Deficit Surge
The U.S. federal government reported a $626 billion deficit this quarter, the largest single quarter deficit since Q4 2024.
Historic Deficit Trend
Four of the last five quarters exceeded $400 billion in deficit, with three surpassing $550 billion.
Interest Expense Crisis
Interest expense has ballooned to $1.05 trillion on a trailing twelve-month basis, threatening the budget.
In short
The U.S. federal government's deficit reached $2 trillion in fiscal year 2026, with the largest single quarter deficit since Q4 2024 at $626 billion.
