US fiscal 2026 deficit hit $2 trillion as spending topped $7.4 trillion
As seen on the 24/7 Wall St. homepage on October 17, 2026.
A $2 trillion fiscal 2026 shortfall means Treasury keeps flooding the market with supply, which is what pins long-end yields high no matter what the Fed does with short rates.
RT @charliebilello: During the 2026 Fiscal Year the US Federal Government took in $5.4 trillion and spent $7.4 trillion. Don’t try this at…
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The federal government closed fiscal year 2026 with a $2 trillion deficit that Treasury must finance by issuing new debt.
That borrowing keeps new supply hitting the bond market regardless of what the Federal Reserve does with short-term rates, which is why long-end yields remain elevated.
Supply pressure alone holds the long end high, raising the discount rate on future earnings and making duration-sensitive assets harder to hold.
Charlie Bilello flagged the figures on October 17, 2026, noting that individuals could not run their own finances this way.