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US fiscal 2026 budget deficit rises to $1.99 trillion, largest in 5 years - Fri, 16 Oct 2026 PST

The US budget deficit rose by $217 billion to $1.99 trillion in the 2026 fiscal year, fueled in part by tariff refunds and record spending to service the nation's more-than $40 trillion in debt, marking the largest budget shortfall in five years, Treasury Department figures reported on Friday showed.

Sources (1)· Oct 16, 6:02 PM

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Spokane Spokesman-Review· Oct 16, 6:02 PMUS fiscal 2026 budget deficit rises to $1.99 trillion, largest in 5 years - Fri, 16 Oct 2026 PST

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The Hill16h agoWhole story →

Since

Energy regulators speed up approvals for gas export facility expansionsU.S. energy regulators have proposed establishing a program that would speed up approvals for expanding the nation’s gas export facilities The Federal Energy Regulatory Commission (FERC) proposed Thursday to limit notice and protest periods to either 60 or 90 days for requested expansions to liquified natural gas (LNG) export terminals. FERC Chair Laura…

The Hill10h agoWhole story →

FERC moves to ease gas approvals{beacon} Energy & Environment Energy & Environment The Big Story FERC moves to ease gas approvals Federal energy regulators have proposed setting up a program to speed up approvals for expanding the nation’s gas export facilities. © Jacquelyn Martin, Associated Press The Federal Energy Regulatory Commission (FERC) on Thursday proposed to limit notice and…

The Hill9h agoWhole story →

Trump Says There's Zero Chance of Replacing Susie Wiles"Balance of Power" focuses on the intersection of politics and global business. On today's show, Mick Mulvaney, former acting White House Chief of Staff and Co-Founder of the Freedom Caucus, says the Trump administration “set” Katie Zacharia “up to fail” by not giving her enough preparation before she began her five-day tenure as White House press…

Bloomberg9h agoWhole story →

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Trump’s trade war doomed workers to ‘a whole career’ without a raise: economistPresident Donald Trump’s tariffs could leave American workers paying higher prices without the wage increases needed to keep up, according to economist Justin Wolfers, who warned that the financial damage could last an entire career. In his “Platypus Economics” Substack newsletter , Wolfers explained why Trump’s trade policies could have lasting…

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