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U.S. federal deficit approaches $2 trillion as spending rises faster than tax revenue, E.J. Antoni notes

U.S. federal deficit approaches $2 trillion as spending rises faster than tax revenue, E.J. Antoni notes
U.S. deficit nears $2 trillion mark

The U.S. federal government ran a deficit just under $2 trillion in the last fiscal year, which ended on September 30.

E.J. Antoni reported that while tax receipts increased by $169 billion, government outlays rose by $386 billion, contributing to this substantial deficit.

Antoni has previously highlighted data lags impacting economic indicators, noting that CPI rent prices do not fully capture lower rent inflation. In a separate report, he observed that private U.S. oil stocks dropped by nearly 3.2 million barrels even as SPR withdrawals slowed. These posts reflect his ongoing reporting on federal and market-level economic metrics.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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