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United States budget deficit hits $1.79 trillion in 10 months
The United States is facing significant fiscal pressure as the federal budget deficit and debt interest payments continue to rise. According to reports from the US Treasury Department and the Congressional Budget Office (CBO), the federal budget deficit for July reached $432 billion, a 48% increase compared to the same month last year. This surge was partly driven by the acceleration of military, veteran, and Medicare payments into July due to weekend scheduling.
For the first 10 months of fiscal year 2026, the total budget deficit reached $1.79 trillion, surpassing the total deficit recorded for the entire 2025 fiscal year.
Simultaneously, the cost of servicing the national debt is escalating. The CBO reports that net interest payments on public debt reached $963 billion between October 2025 and July 2026, averaging approximately $3.18 billion per day. This represents a 14% increase in interest costs compared to the previous year, attributed to the larger scale of national debt and sustained high long-term interest rates. Consequently, the CBO has raised its full-year deficit forecast to $2.1 trillion. Experts have also noted concerns regarding the US debt-to-GDP ratio, which has reached 122%.
Entities
Congressional Budget Office · Ray Dalio · Scott Bessent · United States · United States Congress · United States Department of the Treasury
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 2 SOURCES] The US government is paying approximately $3.18 billion per day in interest on its debt. www.baocalitoday.com · tuoitre.vn
- [● 2 SOURCES] The US debt-to-GDP ratio has reached 122%. www.baocalitoday.com · tuoitre.vn
- [● 2 SOURCES] The CBO reported that net interest payments on public debt reached $963 billion between October 2025 and July 2026. www.baocalitoday.com · tuoitre.vn
- [● 2 SOURCES] The total budget deficit for the first 10 months of fiscal year 2026 reached $1.79 trillion. www.cnbce.com · www.dunya.com
- [● 2 SOURCES] The CBO adjusted the full-year deficit forecast to $2.1 trillion. www.baocalitoday.com · tuoitre.vn
- [● 2 SOURCES] The federal budget deficit for July reached $432 billion. www.cnbce.com · www.dunya.com