United States July budget deficit hits record $432 billion

US federal budget deficit national debt interest payments fiscal year 2026 Congressional Budget Office US Treasury

The U.S. federal budget deficit for July reached a record $432 billion, according to the U.S. Treasury. This represents a 48% increase compared to July 2025. Unadjusted outlays for the month hit a record $766 billion, driven in part by $99 billion in benefit payments—including military, veteran, and Medicare payments—being pulled forward from August due to the month starting on a weekend.

For the first ten months of fiscal year 2026, the total unadjusted budget deficit has reached $1.799 trillion, already surpassing the full-year deficit of fiscal year 2025 with two months remaining.

Additionally, the Congressional Budget Office (CBO) reports that net interest payments on U.S. public debt reached $963 billion between October 2025 and July 2026, averaging approximately $3.18 billion per day. This interest cost is up 14% from the previous year, fueled by a growing national debt approaching $40 trillion and sustained high interest rates. The CBO has adjusted its full-year deficit forecast for fiscal 2026 upward to $2.1 trillion.

Entities

Committee for a Responsible Federal Budget · Congressional Budget Office · Donald Trump · Federal Reserve · Supreme Court · U.S. Department of the Treasury · U.S. Treasury · United States

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] July included an $8.55 billion outflow of net customs receipts following $33.38 billion in tariff refunds. jack1065.com · wxerfm.com
[○ 1 SOURCE] Tariff and customs-duty collections for 2026 are expected to be $250 billion below previous projections.
[● 2 SOURCES] The U.S. federal budget deficit for July reached $432 billion, a record for the month. jack1065.com · wxerfm.com
[● 3 SOURCES] Unadjusted outlays for July hit a record of $766 billion. jack1065.com · wxerfm.com · www.baocalitoday.com
[● 6 SOURCES] The fiscal year-to-date budget gap for 2026 reached $1.799 trillion. jack1065.com · wxerfm.com · www.baocalitoday.com · www.cnbce.com · www.borsaningundemi.com · +1 more
[● 2 SOURCES] The Congressional Budget Office projects the fiscal 2026 deficit will reach $2.1 trillion. tuoitre.vn
[○ 1 SOURCE] The Supreme Court ruled in February that the administration lacked authority to impose tariffs under the International Emergency Economic Powers Act.
[○ 1 SOURCE] The U.S. is on track to surpass $2 trillion in borrowing for the fiscal year despite not being in a recession.
[● 3 SOURCES] Net interest payments on US public debt reached $963 billion between October 2025 and July 2026. tuoitre.vn
[● 2 SOURCES] The US government is paying approximately $3.18 billion per day in interest on its debt. tuoitre.vn
[● 2 SOURCES] The US debt-to-GDP ratio has reached 122%. tuoitre.vn
[● 5 SOURCES] The total budget deficit for the first 10 months of fiscal year 2026 reached $1.79 trillion. www.cnbce.com · www.dunya.com · www.baocalitoday.com · www.borsaningundemi.com · tuoitre.vn