BREAKING: U.S. Takes in a Record $5.4 Trillion in Fiscal 2026 but Still Runs a $1.99 Trillion Deficit

The U.S. took in a record $5.4 trillion in fiscal 2026 and still ran a $1.99 trillion deficit, according to Treasury data.
Spending hit a record $7.4 trillion, up 6%, while revenue grew just 3%. It is the largest deficit since 2021, at about 6.2% of GDP.
Interest on the debt alone hit a record $1.36 trillion, up 12% in a single year, or over $3.7 billion a day. Total U.S. debt has now passed $40 trillion.