Trump says US may strike Pickaxe Mountain as Iran reports tanker fire in Gulf of OmanTrump rebukes Zelensky over refinery strikes as EU backs KyivOil tops $110 while diesel and ship fuel stay tightRussian strikes cut power to over a million Ukrainians; Ukrainian drones hit Russian sitesHouthi missiles kill five in Aden as Taiz siege nearsAI borrowing fears spread from CoreWeave to chips and US banksBystander stops Oregon school shooting that killed three children and a teacherChina proposes export controls on 40 technologies in AI, biotech and solarEthiopia installs interim Tigray administration after army pushes back TPLFPakistan orders school inspections after Peshawar roof collapseIndonesia to accept foreign help after four die fighting worst fires in a decadeCentral banks push back on rate-hike bets as Warsh gives no October signalIndonesian stocks plunge after MSCI warns of downgradeMany feared dead after petrol tanker explodes at Benin City marketSearch resumes for seven missing sailors after Black Sea drone attackMajor hurricane Trudy strengthens as it nears Mexico's Pacific coastSettlers beat Washington Post photographer in West Bank olive harvest attacksFrance and Germany soften 2035 combustion ban in exchange for 'Made in EU' rulesEU leaders back new trade instrument against China as Beijing warns of responseIsrael halts commercial goods into Gaza as UNICEF warns malnutrition gains are fragileAlbanian protests spread beyond Tirana as injuries mountIMF chief urges AI safeguards as banks and Tencent rein in agentsFrench police accused of war-like injuries to teenagers as school protests spread across EuropeBolsonaro keeps narrow lead over Lula ahead of Brazil run-offDmitriev says Russian wealth fund will work with US on payment for diesel dealEU leaders struggle to agree on cutting energy prices as von der Leyen outlines six measuresTrump says US is in nuclear arms talks with Russia and China as Beijing rejects joiningIndian police detain Cockroach Janta Party founder before Delhi protestIMF urges Europe to grow faster or borrow less after bond turmoilECB approves UniCredit taking control of CommerzbankPope Leo urges Putin to agree to ceasefire in Oleshky as Putin backs Vatican aidPhilippines condemns Chinese envoy's 'thinly veiled threat' over use of forceCarney warns US is trying to break Canada ahead of Alberta voteItaly extends Schengen suspension with Spain after Ceuta influxUN demands end to Sudan drone attacks after deadly strike on goldminersIsraeli ad firm's ad-delivered spyware drew fresh scrutinyChina and North Korea open border bridge as analysts doubt trade boostTaiwan to curb AI chip exports to China under US trade dealRubio presses Lebanon over Hezbollah's seized explosivesHungary and Ukraine agree to reset ties as EU leaders back merit-based enlargementPakistan's parliament endorses emergency rule in Khyber PakhtunkhwaNorwegian teenager jailed for 20 years over Iran-linked murder plot in UKUS budget deficit nears $2 trillionIstanbul flood toll rises to four with five missingPope Leo to appear in public on Sunday after lung cancer surgeryRome prosecutors name Israeli minister Katz in Gaza flotilla torture probePutin puts more European firms' Russian assets under temporary managementNineteen countries condemn Colombia's Jerusalem embassy moveMauritius extends curfew amid its worst unrest in decadesKenya confirms third Ebola case as Africa CDC flags unaccounted Congo fundsChina criticises Japan after Takaichi hints at exceptions to non-nuclear principlesTrump says US may strike Pickaxe Mountain as Iran reports tanker fire in Gulf of OmanTrump rebukes Zelensky over refinery strikes as EU backs KyivOil tops $110 while diesel and ship fuel stay tightRussian strikes cut power to over a million Ukrainians; Ukrainian drones hit Russian sitesHouthi missiles kill five in Aden as Taiz siege nearsAI borrowing fears spread from CoreWeave to chips and US banksBystander stops Oregon school shooting that killed three children and a teacherChina proposes export controls on 40 technologies in AI, biotech and solarEthiopia installs interim Tigray administration after army pushes back TPLFPakistan orders school inspections after Peshawar roof collapseIndonesia to accept foreign help after four die fighting worst fires in a decadeCentral banks push back on rate-hike bets as Warsh gives no October signalIndonesian stocks plunge after MSCI warns of downgradeMany feared dead after petrol tanker explodes at Benin City marketSearch resumes for seven missing sailors after Black Sea drone attackMajor hurricane Trudy strengthens as it nears Mexico's Pacific coastSettlers beat Washington Post photographer in West Bank olive harvest attacksFrance and Germany soften 2035 combustion ban in exchange for 'Made in EU' rulesEU leaders back new trade instrument against China as Beijing warns of responseIsrael halts commercial goods into Gaza as UNICEF warns malnutrition gains are fragileAlbanian protests spread beyond Tirana as injuries mountIMF chief urges AI safeguards as banks and Tencent rein in agentsFrench police accused of war-like injuries to teenagers as school protests spread across EuropeBolsonaro keeps narrow lead over Lula ahead of Brazil run-offDmitriev says Russian wealth fund will work with US on payment for diesel dealEU leaders struggle to agree on cutting energy prices as von der Leyen outlines six measuresTrump says US is in nuclear arms talks with Russia and China as Beijing rejects joiningIndian police detain Cockroach Janta Party founder before Delhi protestIMF urges Europe to grow faster or borrow less after bond turmoilECB approves UniCredit taking control of CommerzbankPope Leo urges Putin to agree to ceasefire in Oleshky as Putin backs Vatican aidPhilippines condemns Chinese envoy's 'thinly veiled threat' over use of forceCarney warns US is trying to break Canada ahead of Alberta voteItaly extends Schengen suspension with Spain after Ceuta influxUN demands end to Sudan drone attacks after deadly strike on goldminersIsraeli ad firm's ad-delivered spyware drew fresh scrutinyChina and North Korea open border bridge as analysts doubt trade boostTaiwan to curb AI chip exports to China under US trade dealRubio presses Lebanon over Hezbollah's seized explosivesHungary and Ukraine agree to reset ties as EU leaders back merit-based enlargementPakistan's parliament endorses emergency rule in Khyber PakhtunkhwaNorwegian teenager jailed for 20 years over Iran-linked murder plot in UKUS budget deficit nears $2 trillionIstanbul flood toll rises to four with five missingPope Leo to appear in public on Sunday after lung cancer surgeryRome prosecutors name Israeli minister Katz in Gaza flotilla torture probePutin puts more European firms' Russian assets under temporary managementNineteen countries condemn Colombia's Jerusalem embassy moveMauritius extends curfew amid its worst unrest in decadesKenya confirms third Ebola case as Africa CDC flags unaccounted Congo fundsChina criticises Japan after Takaichi hints at exceptions to non-nuclear principles
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Symbolic image: US budget deficit nears $2 trillionSymbolic image

US budget deficit nears $2 trillion

3 sources

The US federal budget deficit for fiscal 2026 reached $1.99 trillion, the largest in five years, according to Bloomberg and Reuters. The New York Times attributes the rise to higher borrowing costs from higher interest rates and to Trump administration spending on the Iran war and tariff refunds.

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