Treasury announces deficit rose to $1.99 trillion in fiscal year 2026

washingtonexaminer.com

The federal budget deficit rose to nearly $2 trillion in fiscal 2026, the Treasury Department announced on Friday. The shortfall is large for a nation that is not at war or in a recession, and shows that the government faces a long-term mismatch between spending and revenues. Revenues have risen, but spending has risen even […]