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U.S. Budget Deficit Surges in July to Highest Level Since March 2021

CNBC · first seen 12.08.2026

The U.S. budget deficit spiked in July, pushing the 10-month fiscal year red ink to nearly $1.8 trillion and exceeding prior periods.

  • July budget deficit reached its highest level since March 2021.
  • 10-month fiscal year deficit rose to nearly $1.8 trillion.

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