The United States borrowed $601 billion in the first three months of Fiscal Year (FY) 2026, including $143 billion in December, according to the latest ...
Zooming out and looking over the history of the budget back to 2016 shows a more complete picture. The change since Covid is quite dramatic. In 2019, the deficit was $1.02T. In 2025, it was $1.66T.
The Newsom administration released the proposal Friday for the upcoming 2026-27 budget year, which acts as a starting point ...