October 16, 2026MacroPolitics·Bearish·macro
US posts $1.99 trillion fiscal 2026 deficit, largest in 5 years; netted $173 billion in tariffs
The US posted a $1.99 trillion fiscal 2026 budget deficit, the largest in five years, up from $1.775 trillion in fiscal 2025. It netted $173 billion in tariffs, down $22 billion, after $145 billion in refunds. Gross interest on debt hit a record $1.36 trillion, up $144 billion, or 12%.
Detected & updated continuously · Source: Nebula
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United States