The U.S. Treasury said on Nov. 9 the federal budget deficit for FY26 was $2.0
trillion, up $217 billion (12%) from FY25. Receipts rose 3% ($169 billion) and
outlays rose 6% ($386 billion). The deficit equaled 6.2% of GDP versus 5.8% in
FY25. Debt held by the public reached 100% of GDP, the highest since 1946, up
from 99.0% at end-FY25.