World Economy

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

Reported by CNBC Economy · Published 13 Aug 2026, 2:56 AM MYT (58 min ago)

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.

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

Summary

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Consumer prices rose 0.1% in July, as expected, putting the annual rate at 3.4%