U.S. Budget Deficit Reaches $2 Trillion, Tech Stocks Drop

• The U.S. budget deficit rose by $217 billion to nearly $2 trillion in the 2026 fiscal year.
• The increase was fueled by tariff refunds and record spending to service over $40 trillion in national debt.
• This marks the largest budget shortfall in five years, according to Treasury Department figures.
• Big Tech stocks are heading for their biggest weekly drop since 'liberation day' due to AI trade jitters.
• Investors are shifting towards government debt, halting a months-long Treasury sell-off.