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U.S. budget deficit surged in July to highest level since March 2021

Posted on August 12, 2026
By CNBC
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1 min read

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U.S. budget deficit surged in July to highest level since March 2021

Beyond the big single-month jump, the collective red ink over the 10 months of the fiscal year rose to nearly $1.8 trillion, surpassing the same period in 2025.