National debt interest and entitlement spending push FY2026 federal budget deficit toward $2 trillion

Federal spending on national debt interest, Social Security, Medicare and Medicaid drives the budget deficit $35 billion higher than last year.

Federal budget deficit hits $1.4 trillion as Treasury refunds $49 billion tariff revenue

CNBC's Megan Cassella reports on the federal budget deficit and tariff refunds.
Hosted on MSN

What the federal budget says about America

The federal budget is on an unsustainable path. Annual deficits are close to $2 trillion, and the federal debt will reach 120% of GDP by 2036. These top-line numbers should make you worried, but even ...

Tariff refunds push US June budget deficit to $120 billion

By David Lawder WASHINGTON, July 13 (Reuters) - Growing refunds from President Donald Trump's tariffs, after they were ruled ...