U.S. Budget Deficit Hits $432.3 Billion in July

Macro Impact 4
โดย 24/7 Wall St.·US·Read original
Summary · why it matters

The U.S. federal budget deficit surged to $432.3 billion in July, the largest single-month shortfall since March 2021, pushing the year-to-date deficit to $1.799 trillion. The Treasury reported receipts of $334 billion against outlays of $766 billion, with some spending accelerated because August 1, 2026 fell on a non-business day. National Economic Council Director Kevin Hassett signaled the administration may propose new tax breaks, including indexing capital gains to inflation and expanding the primary-residence sale exclusion. Net interest costs reached $104 billion in July, while the 20-year and 30-year Treasury yields sit at 5.3% and 5.2%, pressuring rate-sensitive ETFs like TLT and VNQ.

Impact on stocks 1

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