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Government Deficit Reaches $2T in Fiscal Year 2026

Exploring Finance | SchiffGold | 19 Oct, 2026

Federal Budget

The Federal Government publishes the spending and revenue numbers on a monthly basis. The charts and tables below give an in-depth review of the Federal Budget, showing where the money is coming from, where it is going to, and the surplus or deficit.

The government fiscal year closed in September, but this analysis will look at the calendar year budget. As shown below, the deficit over the last 5 months has been very large.

Figure: 1 Monthly Federal Budget

budget deficit debt crisis federal budget federal deficit Federal Reserve fiscal irresponsibility Fiscal Policy fiscal year 2026 government revenue government spending inflation interest expense national debt Treasury Yields