U.S. Budget Deficit Reaches $2 Trillion, National Debt Surpasses $40 Trillion

• $2 trillion budget deficit reported for this fiscal year, the largest since 2021.
• U.S. national debt has surpassed $40 trillion, marking a significant milestone.
• Interest payments on the debt have reached $3 billion per day, increasing by 8% in fiscal 2026.
• Federal spending increased by 6% to $5.4 trillion, while revenue rose by 3% to $4.2 trillion.
• The deficit for fiscal 2026 was $1.99 trillion, 12% worse than the $1.78 trillion deficit in fiscal 2025.