US fiscal 2026 budget deficit rises to $1.99 trillion, largest in 5 years
- Publisher
- Reuters
- Published
- 2026-10-16
- Type
- news report
- Link
- https://www.reuters.com/world/us/us-fiscal-2026-budget-deficit-rises-199-trillion-largest-5-years-2026-10-16/
- Last checked
- 2026-10-26
- Rights
- reference only — we link and describe; we do not republish the text.
Cited in
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Taxes and Public Finance
The 2026 deficit: $1.99 trillion in Treasury's year-end books, and what CBO says the 2025 tax law adds
Treasury's final fiscal 2026 statement shows a $1,992 billion deficit, about $160 billion above fiscal 2024 as first reported; CBO estimates the 2025 tax law adds $4.1 trillion to deficits over ten years with interest.