{"publisher":{"name":"MediaBias News","url":"https://mediabias.news","methodology":"https://mediabias.news/methodology","editorialPrinciples":"https://mediabias.news/editorial-principles","corrections":"https://mediabias.news/corrections"},"scoreGuide":{"trust":"How well corroborated and evidenced the source reporting is. 0-100, higher is better.","critic":"Craft quality of the source journalism: context, balance, fact vs comment. 0-100, higher is better.","hype":"How far the source presentation runs ahead of substance. 0-100, LOWER IS BETTER.","scope":"Scores assess the original reporting this article was written from, not the truth of the underlying event and not the quality of this write-up."},"assessmentGuide":{"type":"coverage-and-source-reporting-analysis","factCheck":{"status":"not-performed","note":"Media Bias News compares coverage and scores the source reporting. It does not currently publish a ClaimReview verdict on whether the underlying event or claim is true."},"sourceFactuality":{"note":"Factuality values describe published ratings of the outlets that covered the story. They are not a factuality verdict on this story or its claims."}},"story":{"id":"https://mediabias.news/politics/us-budget-deficit-nears-2-trillion-as-interest-payments-top-1-trillion","slug":"us-budget-deficit-nears-2-trillion-as-interest-payments-top-1-trillion","url":"https://mediabias.news/politics/us-budget-deficit-nears-2-trillion-as-interest-payments-top-1-trillion","title":"US budget deficit nears $2 trillion as interest payments top $1 trillion","subtitle":"The federal government's fiscal gap widened due to increased debt servicing and tariff refunds, according to the Congressional Budget Office.","excerpt":"The US federal budget deficit reached nearly $2 trillion for the last fiscal year, the Congressional Budget Office reported. Net interest payments on the national debt exceeded $1 trillion for the first time, a significant increase driven by higher interest rates and growing debt levels.","category":"Politics","area":"United States","publishedAt":"2026-10-09T19:46:08.298Z","sourceReportedAt":"2026-10-09T19:36:00.000Z","updatedAt":"2026-10-09T19:46:08.298Z","readTime":"3 min read","scores":{"trust":58,"critic":69,"hype":35,"notes":{"trust":"The central claim is attributed to the CBO and supported by two independent outlets.","critic":"The reporting clearly separates facts from comment and provides specific figures and dates.","hype":"The language is mostly neutral, with some headlines indicating mild emphasis."}},"tags":["#FederalDeficit","#NationalDebt","#Budget","#Economy","#USPolitics"],"entities":["Congressional Budget Office","Donald Trump","Maya MacGuineas","Committee for a Responsible Federal Budget"],"body":[{"type":"key_takeaways","items":["The US federal budget deficit reached nearly $2 trillion for the fiscal year ending September 30, according to the Congressional Budget Office.","Net interest payments on the public debt surpassed $1 trillion for the first time, an 11% increase from the previous year.","Tariff refunds, estimated at $130 billion, contributed to the deficit's growth.","US national debt hit a record $40 trillion in August."]},{"type":"paragraph","text":"The federal budget deficit for the past fiscal year, which concluded on September 30, reached nearly $2 trillion, as reported by the Congressional Budget Office. This represents a $218 billion, or 12%, increase from the previous year. A significant factor contributing to this widening gap was the net interest payments on the public debt, which exceeded $1 trillion for the first time. These payments rose by 11% due to increased national debt and higher interest rates, surpassing all government spending categories except Social Security."},{"type":"paragraph","text":"The deficit was also influenced by tariff refunds, estimated by the CBO at approximately $130 billion, issued after a Supreme Court ruling found certain tariffs imposed by the Trump administration to be unlawful. The US national debt reached a record $40 trillion in August. Corporate tax revenue declined by 16% to $382 billion, a change attributed by some to tax law provisions allowing larger deductions for business investments."},{"type":"heading","text":"Disagreement on revenue growth"},{"type":"paragraph","text":"While the Congressional Budget Office reported a decline in corporate tax revenue, Reason stated that tax revenue increased by about 3 percent last year, though spending increased at twice that rate. Moncloa reported that the US federal deficit rubs the $2 trillion mark for interest payments and duty refunds."},{"type":"heading","text":"What the coverage left out"},{"type":"paragraph","text":"None of the left-rated, centre-rated, or right-rated digests mention the specific figure of $382 billion for corporate tax revenue, nor do they detail the 16% decline in this revenue. The full reports from CNN and KIFI do include this information."}],"basedOn":[{"sourceName":"Fox Business","url":"https://foxbusiness.com/video/6406527908112","headline":"US budget deficit projected to hit $2 trillion as spending climbs","angle":"","publishedAt":"2026-10-09T19:36:00.000Z"},{"sourceName":"AAF","url":"https://americanactionforum.org/insight/cbo-fy-2026-budget-deficit-totaled-2-trillion","headline":"CBO: FY 2026 Budget Deficit Totaled $2 Trillion","angle":"","publishedAt":"2026-10-09T19:36:00.000Z"},{"sourceName":"Moncloa","url":"https://moncloa.com/2026/10/09/deficit-federal-ee-uu-2-billones-3445322","headline":"U.S. Federal Deficit Skyrockets to Nearly 2 Billion for Interest Payments and Duty Refunds","angle":"","publishedAt":"2026-10-09T17:43:26.000Z"},{"sourceName":"Reason","url":"https://reason.com/2026/10/09/the-federal-government-just-posted-the-largest-deficit-since-covid","headline":"The federal government just posted the largest deficit since COVID","angle":"","publishedAt":"2026-10-09T17:00:54.000Z"},{"sourceName":"voz.us","url":"https://voz.us/es/just-the-news/261009/39827/deacuteficit-presupuestario-federal-aumento-2-billones-de-doacutelares-pagos-de-intereses-devoluciones-aranceles-factores-determinantes.html","headline":"The Federal Budget Deficit Increased to Nearly $2 Trillion; Interest Payments and Duty Refunds Are Determining Factors","angle":"","publishedAt":"2026-10-09T16:12:24.000Z"},{"sourceName":"schwartzreport.net","url":"https://schwartzreport.net/2026/10/09/u-s-budget-deficit-jumps-to-nearly-2-trillion","headline":"U.S. Budget Deficit Jumps to Nearly $2 Trillion","angle":"","publishedAt":"2026-10-09T12:50:00.927Z"},{"sourceName":"DiarioBitcoin","url":"https://diariobitcoin.com/estados-unidos/el-deficit-de-estados-unidos-rozo-los-usd-2-billones-en-el-ano-fiscal-2026","headline":"U.S. Deficit Crossed USD 2 Billion in Fiscal Year 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nearly $2T, interest payments, tariff refunds factors: report","angle":"","publishedAt":"2026-10-09T08:02:03.000Z"},{"sourceName":"[your]NEWS","url":"https://yournews.com/2026/10/09/7220308/federal-deficit-surges-toward-2-trillion-as-interest-payments-exceed","headline":"Federal Deficit Surges Toward $2 Trillion as Interest Payments Exceed $1.1 Trillion","angle":"","publishedAt":"2026-10-09T07:59:40.000Z"},{"sourceName":"Dnevnik","url":"https://dnevnik.si/novice/svet/proracunski-primanjkljaj-zda-se-je-priblizal-2000-milijardam-dolarjev-2832771","headline":"US Budget Deficit Nears $2 Trillion","angle":"","publishedAt":"2026-10-09T07:37:52.000Z"},{"sourceName":"vietnamplus.vn","url":"https://vietnamplus.vn/tham-hut-ngan-sach-lien-bang-my-tang-len-gan-2000-ty-usd-post1141002.vnp","headline":"The US Federal Budget Deficit Has Risen to Nearly $2 Trillion.","angle":"","publishedAt":"2026-10-09T07:30:08.000Z"},{"sourceName":"news-pravda.com","url":"https://news-pravda.com/world/2026/10/09/2651297.html","headline":"The American budget is collapsing under the weight of its own expenses","angle":"","publishedAt":"2026-10-09T06:17:12.000Z"},{"sourceName":"Reporter.gr","url":"https://reporter.gr/diethnh/diethneis-eidhseis/687849-to-dimosionomiko-elleimma-ton-ipa-ektinassetai-sxedon-sta-2-tris-dolaria","headline":"US Budget Deficit Soars to Nearly $2 Trillion","angle":"","publishedAt":"2026-10-09T05:02:15.000Z"},{"sourceName":"大纪元 Epoch Times","url":"https://epochtimes.com/b5/26/10/9/n14866599.htm","headline":"The US Fiscal Deficit Has Increased to $2 Trillion, with Interest Payments Exceeding $1 Trillion for the First Time.","angle":"","publishedAt":"2026-10-09T04:32:46.000Z"},{"sourceName":"asiae.co.kr","url":"https://asiae.co.kr/article/2026100912044153993","headline":"U.S. Fiscal Deficit Nears $2 Trillion… Largest Since 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