News · VnExpress

US Budget Deficit Nears $2 Trillion

The US posted a budget deficit of $1,992 billion in fiscal 2026 (ended September 30), up 12% from a year earlier and the highest in five years, ranking third in the nation's history behind 2020 and 2021, the pandemic years. It marks the 25th straight fiscal year of deficits, with the last surplus in 2001. Individual income tax receipts topped $2,800 billion, but corporate tax fell to $381 billion, down about $70 billion due to tax cuts passed by Congress last year. Interest payments exceeded $1,300 billion, while total public debt has surpassed $40,000 billion, and 10- and 30-year Treasury yields hit 24-year highs, worrying investors. Treasury Secretary Scott Bessent said growth could help the US outgrow its debt, while the White House continues pushing import tariffs despite the Supreme Court's February ruling striking them down.

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Original headline: Mỹ thâm hụt ngân sách gần 2.000 tỷ USD

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