budget deficit

JPMorgan

2026-09-11 06:45:49

JPMorgan says Treasury buyback data points to slightly weaker bid quality

JPMorgan strategists said in a report that the U.S. Treasury’s buyback operation on Thursday may signal a modest decline in bid quality compared with recent operations. The bank said the Treasury accepted a broader range of bonds and ended up buying less than the maximum amount it had set for the operation. Although the operation was larger, the total amount of bids submitted remained at the lower end of recent levels, while the ratio of bids to the purchase cap fell to its lowest point since this segment of the buyback program began. In the end, the Treasury bought $5.2 billion of long-dated bonds, below its initial maximum target of $6 billion. JPMorgan also said the U.S. is still running a 6% budget deficit even as the economy is close to full employment, adding that the issue will not be resolved without substantial fiscal consolidation, according to Jin10.

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US fiscal

2026-08-29 22:30:16

US Primary Budget Deficit Reached 3.3% of GDP in FY2024, Highest Among Developed Economies

The United States posted a primary budget deficit of 3.3% of GDP in fiscal 2024, the highest among advanced economies, according to CryptoBriefing. That measure excludes interest payments. Including interest costs, the total federal budget deficit reached $1.8 trillion, equal to 6.4% of GDP. The Congressional Budget Office projects the primary deficit ratio will remain between 3.1% and 3.6% over the long term. Structural spending pressures and rising debt-interest costs have kept the fiscal gap wide even during an economic expansion. The figures highlight a persistent imbalance in U.S. federal budgeting, with the primary deficit staying elevated well beyond a typical downturn path. The report was relayed by Techub News.

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Bitcoin

2026-08-25 00:02:26

Bill Miller IV Says U.S. Budget Deficit Hit $1.8 Trillion as Bitcoin Market Cap Remains Smaller

Techub News reported that investor Bill Miller IV said on CNBC that Bitcoin’s fundamentals remain strong. He pointed to the U.S. budget deficit of $1.8 trillion this year and said Bitcoin’s total market value is still smaller than the amount of dollars that need to be created to finance that deficit. Miller used the comparison to stress Bitcoin’s scarcity, its store-of-value characteristics, and what he sees as a durable long-term investment case under the current fiscal backdrop.

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US Treasury

2026-08-13 00:27:53

US July Budget Deficit Hits Record $432B as Interest Costs Top $1T

The U.S. Treasury reported on Wednesday that the federal budget deficit reached $432 billion in July, the largest amount on record for that month. The shortfall was driven mainly by a sharp increase in federal Medicare spending and by rising interest costs on public debt. Interest payments on the federal debt have now exceeded $1 trillion for the current fiscal year. Over the first ten months of fiscal 2026, the cumulative deficit totaled $1.8 trillion. On a calendar-adjusted basis, the deficit was 5% larger than in the same period of fiscal 2025, a sign that government borrowing needs continue to climb. Federal spending has been expanding at a faster clip while revenue has declined, leaving the government's fiscal position under strain. Tariff refunds are making the situation worse. The Supreme Court ruled that most of President Trump's tariff increases were invalid, and the refunds tied to that ruling are still being processed, weighing on revenue and adding to deficit pressure.

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Russia

2026-07-22 10:20:52

Russia cuts gold reserves for a sixth straight month as long-running accumulation trend shifts

Russia has reduced its official gold holdings for six consecutive months, breaking with a pattern of steady accumulation that had lasted for more than two decades. Since the start of the year, the country’s gold reserves have fallen by about 43.5 metric tons, reaching their lowest level since 2022 as of early July. Current holdings stand at roughly 73.4 million troy ounces, or about 2,282 tons, valued at around $299 billion. At the same time, Russia’s total international reserves declined from $747.4 billion at the end of May to $720.4 billion at the end of June, while foreign exchange reserves were broadly stable. That points to gold as the main driver of the drop. The report said analysts linked the sales to rising fiscal strain, including a wider budget deficit, lower energy income and higher government spending. Russia’s deficit had reached about 4.6 trillion rubles by the end of March. Some of the gold may have been sold to domestic banks or converted into foreign currency to ease fiscal and liquidity pressure. The move comes after Russia spent years as a major buyer in the global gold market, purchasing more than 1,900 tons from 2002 to 2025.

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