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U.S. Federal Budget Deficit Widens to $1.37 Trillion in FY2026, Up 2% YoY, Driven by Tariff Refunds

2026-07-13 19:52:15

According to the U.S. Department of Treasury, the federal budget deficit widened to $1.37 trillion for the first nine months of fiscal year 2026, marking the first expansion since the fiscal year began. The deficit increased 2% compared to the same period in 2025. In June alone, the monthly deficit reached $120 billion, with the rise driven by large-scale tariff refunds following a U.S. Supreme Court ruling that declared previous tariffs unlawful.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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