Storyline
US federal budget deficit fiscal 2026
One page that accretes the verified record as the story develops. Every fact keeps its date and its sources.
1 DAYS
17 FACTS
1 EVENTS
1 SOURCES
FIRST ENTRY OCT 16
OCT 16 · Day 1
U.S. budget deficit reaches nearly $2 trillion for fiscal 2026
Corporate income tax receipts were $381 billion in fiscal 2026, a decrease of about $70 billion from fiscal 2025.
The fiscal 2026 deficit was the third-highest annual deficit in U.S. history, behind only 2020 and 2021.
Individual income tax receipts exceeded $2.8 trillion in fiscal 2026, an increase of about 7% year over year.