The U.S. ended fiscal 2026 with a budget deficit of $1.992 trillion, about 12% higher than the $1.775 trillion deficit in the prior year, according to the Treasury Department. It is the third-largest annual deficit in U.S. history, after 2020 and 2021 when pandemic stimulus spending was heavy, and marks the 25th straight fiscal year in deficit. Social Security was the largest spending item at nearly $1.7 trillion, followed by Medicare at almost $1.1 trillion, while net interest topped $1 trillion, up from $970 billion. Individual income taxes brought in more than $2.8 trillion, but corporate income tax receipts fell about $70 billion to $381 billion due to tax cuts, and customs revenue was hit by refunds after a Supreme Court ruling against many of Trump's tariffs, even as gross customs duties hit a record.
Summary written by Upside AI from the original article. Read the source for full details.
Related tickers and likely impact
DXY
▼ Likely negativeRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/15/2026 | 101.98 |
| Change that session | -0.53% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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