US budget deficit nears $2 trn as tariff refunds rise; debt crosses $40 trn
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The US budget deficit rose 12 per cent to $1.99 trillion in fiscal year 2026 as rising debt interest, tariff refunds and higher government spending widened the gap between revenue and expenditure.
Story file
- Section
- World
- Topics
- Economy & RBI, Courts & law
- First reported by
- Wion
- Reporter
- ajaypal choudhary
- Published
- Saturday, 17 October 2026, 1:49 am IST
- Coverage
- One outlet so far
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