US Deficit Surges to $1.4 Trillion in FY2026 Nine Months In
TL;DR
Nine months into FY2026, the U.S. deficit reached about $1.4 trillion as outlays ($5.5 trillion) surpassed receipts ($4.2 trillion). Most of the shortfall stems from entitlement programs (Social Security, Medicare, Medicaid) and reduced corporate tax revenue tied to policy changes, while individual taxes rose. The debt surpassed 100% of GDP and interest payments neared $1 trillion, prompting calls for entitlement reform and a bipartisan plan to restore fiscal sustainability.
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- Monthly Budget Review: June 2026 Congressional Budget Office (.gov)
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- US federal deficit hits $1.373T in 9 months, dr... Pluang
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