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U.S. budget deficit reaches almost $2 trillion in 2026, Treasury statement reveals

U.S. budget deficit reaches almost $2 trillion in 2026, Treasury statement reveals
U.S. deficit almost $2 trillion in 2026

The U.S. government recorded a budget deficit of nearly $2 trillion in the just-ended fiscal year 2026, according to a Treasury statement released on Friday.

Mark Zandi, chief economist at Moody's Analytics, drew attention to the deficit figure, noting that it exceeds 6% of U.S. GDP.

Zandi has recently estimated that the Iran war has cost the average U.S. household nearly $2,000, totaling $265 billion nationwide, according to previous analysis. Earlier, he highlighted concerns about the U.S. labor market after a soft September jobs report and downward revisions to previous months in another report. These comments provide additional context to his latest remarks on fiscal and economic pressures.

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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