US Budget Deficit Reaches Nearly $2 Trillion as Interest Costs Climb

By Crosswire News · AI-assisted summary of reporting by the outlets linked below

MarketsZeroHedge · The New York Times

Photo: The New York Times

How coverage differs ZeroHedge stresses record interest payments and a bleak debt outlook; the New York Times stresses Iran war spending, tariff refunds and Trump's cost-cutting record.

The US budget deficit for fiscal 2026 came in at close to $2 trillion, according to both outlets. ZeroHedge reports record interest payments of $1.4 trillion and says DOGE is disbanded and tariffs were struck down by the Supreme Court. The New York Times attributes rising borrowing costs to higher interest rates, along with spending on the Iran war and tariff refunds.

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