U.S. budget deficit surged in July to highest level since March 2021

Beyond the big single-month jump, the collective red ink over the 10 months of the fiscal year rose to nearly $1.8 trillion, surpassing the same period in 2025.

Beyond the big single-month jump, the collective red ink over the 10 months of the fiscal year rose to nearly $1.8 trillion, surpassing the same period in 2025.