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U.S. Budget Deficit Hits July Record at $432 Billion

U.S. Budget Deficit Hits July Record at $432 Billion

The U.S. federal government posted a $432 billion budget deficit in July 2026, the largest shortfall recorded for the month, as outlays climbed and tariff refunds reduced customs revenue. Treasury data show how payment timing and weaker net customs receipts widened the monthly gap and pushed the fiscal-year deficit to

U.S. Budget Deficit Hits July Record at $432 Billion

U.S. Budget Deficit Hits July Record at $432 Billion

The U.S. federal government posted a $432 billion budget deficit in July 2026, the largest shortfall recorded for the month, as outlays climbed and tariff refunds reduced customs revenue. Treasury data show how payment timing and weaker net customs receipts widened the monthly gap and pushed the fiscal-year deficit to

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