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Deficit Tops $1 Trillion

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Deficit Tops $1 Trillion

B
Benzinga

680 Views • Mar 12, 2026

Description

The U.S. budget deficit topped $1T through February, though 12% lower YoY as tariff revenues surged 294% to $151B — surpassing corporate tax receipts for the first time. Net interest on the $39T national debt hit $79B in February alone, ahead of the Supreme Court's tariff ruling appearing in the data.