August 16, 2026

Budget, Personal Loans

July Deficit Hits Record $432 Billion, Pushing Fiscal 2026 Past All of 2025

The neoclassical stone facade of the United States Treasury Building in Washington DC photographed from the base of its granite steps at golden hour with tall fluted columns casting long shadows and an American flag flying against a blue sky streaked with high thin clouds

The federal government ran a record $432.3 billion deficit in July 2026, pushing the fiscal 2026 shortfall past $1.799 trillion, more than all of fiscal 2025 combined.

Mitch Strohm
August 16, 2026