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

By CNBC March 11, 2026 Neutral
U.S. deficit tops $1 trillion through February but runs below year-ago pace
For the fiscal year to date, the U.S. budget deficit totaled $1.004 trillion, about 12% lower than the comparable period in 2025, as government revenues rose faster than spending. Customs duties totaled $151 billion through the first five months of the fiscal year, up about $113 billion, or 294%, from a year earlier.
For the fiscal year to date, the U.S. budget deficit totaled $1.004 trillion, about 12% lower than the comparable period in 2025, as government revenues rose faster than spending. Customs duties totaled $151 billion through the first five months of the fiscal year, up about $113 billion, or 294%, from a year earlier.