news report
Federal Deficit Reached $1.4 Trillion Through June, CBO Estimates
Revenues rose 4% in the first nine months of fiscal 2026, but a 3% increase in outlays left the cumulative deficit $35 billion above the prior-year period.
topics
Budget deficit
news report
GAO Projects Public Debt at 123% of GDP by 2036
Debt held by the public reached about $31.3 trillion in April, while net interest exceeded national-defense spending in fiscal 2025.