US budget deficit widens to $1.99 trillion for fiscal 2026 - Yahoo Finance Australia
US budget deficit widens to $1.99 trillion for fiscal 2026 - Yahoo Finance Australia
Source: Yahoo Finance Australia
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DW NOTE
The US ran a $1.99 trillion deficit in fiscal 2026 while waging a tanker war that has shut the Strait of Hormuz for six months, conducting strikes across the Middle East, and maintaining a 3.75% policy rate that still trails both headline and producer inflation. Every dollar of that deficit was borrowed at yields above 5%, which means the interest bill alone will exceed defense spending within two years.