Federal budget deficit hits $2T as national debt costs surge — Live Feedhttps://www.live-feeds.com/feed/federal-budget-deficit-hits-2t-as-national-debt-costs-surgeContinuously updated, source-cited coverage. Federal Budget Deficit Hits $2 Trillion As Debt Costs Surgehttps://www.live-feeds.com/feed/federal-budget-deficit-hits-2t-as-national-debt-costs-surgehttps://www.live-feeds.com/feed/federal-budget-deficit-hits-2t-as-national-debt-costs-surge#u125698Fri, 16 Oct 2026 11:12:22 +0000The United States federal budget deficit reached $2 trillion during fiscal year 2026, according to Congressional Budget Office data. This surge is driven by escalating interest costs on the national debt alongside sharp increases in federal spending for Social Security and Medicare. Curbing this deficit could potentially lower inflation and interest rates for American households, according to reports from the Committee for a Responsible Federal Budget.Why it mattersNational fiscal pressures have mounted as the cost of servicing the debt climbs amid higher interest rates. Addressing the growing