U.S. budget deficit surged in July to highest level since March 2021
· cnbc.com
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.
The U.S. budget deficit soared to its highest monthly level in more than five years amid a surge in Medicare costs and as interest on the federal debt continued...