Economy
U.S. Current-Account Deficit Widens as Net Foreign Position Hits $22.42 Trillion
The U.S. current-account deficit widened to $246.0 billion in the second quarter, while its net international investment position deteriorated.
What happened
The U.S. current-account deficit widened by $33.4 billion, or 15.7%, to $246.0 billion in the second quarter of 2026, according to the Bureau of Economic Analysis. The revised first-quarter deficit was $212.6 billion. The second-quarter deficit equalled 3.0% of current-dollar GDP, up from 2.7% in the first quarter. Separately, the U.S. net international investment position stood at negative $22.42 trillion at the end of June. U.S. residents held $46.97 trillion in foreign financial assets, against $69.39 trillion in liabilities. The first-quarter net position was revised to negative $21.27 trillion.
Why it matters
The wider deficit shows a larger gap in the U.S. international transactions balance. The negative investment position means U.S. liabilities exceeded foreign assets by $22.42 trillion at quarter-end, up from $21.27 trillion after revision.
Source: US BEA