In its 2026 fiscal year that ended on September 30, the U.S. government collected $5.403 trillion in taxes but spent $7.396 trillion. That excessive spending resulted in an annual budget deficit of $1.992 trillion. All these figures come from the Treasury Department’s Monthly Treasury Statement that covers both September 2026 and the entire 2026 fiscal year. Compared to the previous fiscal year, the federal government’s tax revenues increased by 3.2% from $5.235 trillion, while spending increased by 5.5% from $7.010 trillion. […]