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U.S. deficit hits $1 trillion in first five months of 2026, driven by rising health and debt costs, despite higher tax revenues.
The U.S. budget deficit reached $1 trillion in the first five months of fiscal year 2026, down $142 billion from the same period in 2025, according to the CBO.
Federal spending rose to $3.1 trillion, driven by higher costs in Social Security, Medicare, and Medicaid, while tax revenues climbed to $2.1 trillion, boosted by stronger income and payroll taxes and a surge in customs duties.
Corporate tax collections fell sharply due to expanded deductions.
Interest payments on the national debt rose 8% to $433 billion.
The CBO projects a full-year deficit of $1.9 trillion for 2026 and warns deficits will grow to $3.1 trillion by 2035, threatening long-term fiscal stability.
El déficit de EE. UU. alcanza 1 billón de dólares en los primeros cinco meses de 2026, impulsado por el aumento de los costos de salud y deuda, a pesar de los mayores ingresos fiscales.