US budget deficit shrinks in August
The CBO reports the federal budget deficit hit $2 trillion as Social Security, Medicare and Medicaid spending surged alongside rising debt costs.
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National6 articles from 4 sources across the spectrum· Updated 17d ago
6 across the spectrum · tap a section to jump
How each side is putting it
Left
2 viewpointsCenter
2 viewpointsU.S. monthly deficit exceeds $166.8 billion in August; shortfall for fiscal 2026 tops $1.9 trillion with month to go
Right
2 viewpointsFederal budget deficit reaches $2T in first 11 months of fiscal year 2026, CBO reports