BlockBeats News, August 13th, as the U.S. federal spending accelerates amid declining revenue, the U.S. fiscal situation continues to deteriorate, and debt interest payments have exceeded $1 trillion for the current fiscal year.The U.S. Treasury Department released data on Wednesday showing that the July budget deficit reached $432 billion, hitting a record high for the same period in history. This was mainly driven by a sharp increase in spending on federal health insurance and a continued rise in the costs of public debt interest.In the first 10 months of the 2026 fiscal year, the cumulative budget deficit has reached $1.8 trillion. Adjusted for calendar effects, the deficit has expanded by 5% compared to the same period in the 2025 fiscal year, highlighting the ongoing increase in government borrowing needs.Meanwhile, following the Supreme Court's ruling that most of Trump's tariff measures are invalid, the ongoing tariff refunds have also been a drag on fiscal revenue, further exacerbating deficit pressures.