The annual gap is the largest since 2021, rising from the $1.775 trillion deficit recorded in fiscal 2025. CBO estimates show the government spent an average of $5.46 billion more than it collected every day. Net customs receipts fell by $22 billion to $173.22 billion during the period, a decline following $145 billion in government refunds.
Tuesday, October 20, 2026
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US Pays Record $1.05 Trillion in Net Interest for Fiscal 2026
US Markets4 days ago
Gross interest payments on federal debt climbed to a record $1.36 trillion for the most recent fiscal year, a 12% increase of $144 billion over the prior period. The Treasury Department reported on Friday that net interest alone reached $1.05 trillion, contributing to a total budget deficit of $1.992 trillion for the year ending in September. This marks the 25th consecutive fiscal year the US has operated at a deficit, spending $7.4 trillion against $5.4 trillion in revenue.
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