WorldPublished: 16 October 2026 at 22:33
US budget deficit climbs to nearly $2 trillion over the past year
The US federal budget deficit has grown to almost $2 trillion, its highest level since 2021. The figures show that the deficit reduction promised by President Donald Trump's administration has not been delivered.
The budget deficit of the United States has risen to nearly two trillion dollars over the past year. That is the highest level since 2021. A deficit arises when government spending exceeds revenue.
The data show that the administration of US President Donald Trump has not delivered the deficit reduction it promised.
Political impact
Commentators say the figures could hurt the outcome of the midterm elections to Congress, the US legislature. Those elections are scheduled for early November.
/nginx/o/2026/09/14/17918605t1hb0d2.jpg)