OctoberDecember US Budget Deficit Down 15 Percent From Previous Year

Receipts rose 13 percent while outlays ticked up 2 percent in the first three months of the fiscal year.The national debt clock is displayed in Washington on April 14, 2025. Madalina Vasiliu/The Epoch Times1/14/2026|Updated: 1/14/2026In the first three months of fiscal year 2026, the U.S. budget deficit declined 15 percent from a year earlier, according to new data released by the Treasury Department.Fiscal year to date—October to December—the budget deficit totaled $602 billion.Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”Author’s Selected Articles