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Story summary
- The United States posted a $432 billion July 2026 deficit, the highest July total and the largest monthly shortfall since March 2021.
- Treasury recorded $334 billion in revenue and $766 billion in spending, creating a $14 billion-per-day deficit.
- The Government Accountability Office said the Department of Government Efficiency overstated its $110 billion savings claim, while its website still lists $215 billion in savings.
- Former IMF deputy director Desmond Lachman warned the deficit could spark a Treasury market crisis.
