U.S. deficit tops $1 trillion through February but runs below year-ago pace

U.S. deficit tops $1 trillion through February but runs below year-ago pace

For the fiscal year to date, the deficit totaled $1.004 trillion, about 12% lower than the comparable period in 2025.

The U.S. budget deficit surpassed $1 trillion for the fiscal year through February but was sharply lower than the same period a year earlier, Treasury Department data showed Wednesday. Outlays excee… [+1529 chars]

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U.S. deficit tops $1 trillion through February but runs below year-ago pace - FHMnews