US Fiscal Deficit Explodes to $1.4 Trillion in First Nine Months of FY 2026
US Fiscal Deficit Explodes to $1.4 Trillion in First Nine Months of FY 2026
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The Congressional Budget Office (CBO) has reported a significant increase in the US government's fiscal deficit, reaching $1.4 trillion for the first nine months of fiscal year 2026. This figure marks a $35 billion increase compared to the same period in the previous year, highlighting expanding government borrowing.
The Congressional Budget Office (CBO) estimates that the US government’s borrowing for the first nine months of 2026 has reached $1.4 trillion. In a new report, the CBO says the figure is $35 billion higher than the deficit recorded during the same period last year. The US government’s fiscal year runs from October 1st through […]