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Oct 8, 2026

Federal budget deficit rises to $2 trillion for fiscal 2026

The Congressional Budget Office reported the federal deficit climbed to nearly $2 trillion in fiscal 2026, driven by increased spending and tariff refunds, adding to concerns about national debt.

Oct 8, 2026·2 sources
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Top claims

  • ▪The U.S. Department of the Treasury conducted a bond buyback operation in September 2026 to stabilize financial markets amid rising Treasury yields
  • ▪The One Big Beautiful Bill Act enabled corporations to take immediate deductions for research and development expenses and manufacturing plant investments
  • ▪Yields on 10-year Treasury securities crossed 5% in September 2026 for the first time since 2007, reaching 5.299% on October 8, 2026

Subtopics

Congressional Budget Office1Government spending1Tariffs & trade wars1U.S. Iran policy1

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