AI Data Insight
The newly released US government revenue for Q3 2026 decreased by 1.32% YoY, a narrowed decline compared to the 5.83% YoY drop in Q2 2026. Although wage growth drove an increase in income tax, massive tariff refunds of hundreds of billions of dollars triggered by a Supreme Court unconstitutional ruling continue to erode the national treasury. Coupled with high debt interest expenses, the massive US fiscal deficit is becoming a hidden worry for the market.