BREAKING: The US Treasury budget deficit surged +67% YoY in December, to $145 billion.
However, for the first 3 months of FY2026, the deficit fell -15% YoY, to $602 billion, the lowest start to a fiscal year since 2023.
This comes as government revenue rose +13% YoY, to a record $1.23 trillion.
This was boosted by tariff revenue, which surged +333% YoY, to $90 billion.
At the same time, government expenditures increased +2% YoY, to a record $1.83 trillion, with interest costs jumping +15% YoY, to $355 billion.
Health and Human Services, Social Security, and debt interest combined totaled $1.27 trillion, representing 69% of total spending.
Still, the US government is on track for a near-$2 trillion deficit this fiscal year.
Deficit spending far too high.
ENSO
1.983
+4.25%
ZRO
1.591
-6.46%
STG
0.1388
-5.51%