Business

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

CNBC · August 12, 2026 at 2:56 PM

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.

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

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