U.S. Budget Deficit Reaches $2 Trillion, CBO Says

US Deficit Approaching Grim Milestone — But News Met With Crickets From Lawmakers

Lawmakers could not be bothered Friday to address the federal budget deficit reaching nearly $2 trillion.

Federal budget deficit hits $2T as national debt costs surge

The federal government’s budget deficit totaled $2 trillion in fiscal year 2026 as the cost of servicing the nation’s more than $40 trillion national debt surged. The nonpartisan Congressional Budget Office (CBO) released data on Thursday showing the federal budget deficit rose to $1.993 trillion in fiscal year 2026, which concluded at the end of […]

CBO: FY 2026 Budget Deficit Totaled $2 Trillion

According to CBO, the FY 2026 budget deficit totaled $2 trillion. This insight examines what contributed to it.

US budget deficit projected to hit $2 trillion as spending climbs

Taylor Riggs, Caroline Downey, and John Lonski discuss the projected $2 trillion U.S. budget deficit. They highlight the rising costs of entitlement programs and interest payments on the federal debt.

A First Look at Fiscal Year 2026’s Final Numbers

The Treasury Department will release the official tally for fiscal year 2026 later this month, but the Congressional Budget Office (CBO) has provided a useful early look that is likely to be close to where the more carefully scrubbed numbers eventually land. The bottom line is that the federal government’s fiscal position continues to deteriorate, with rapid spending increases on the main entitlements and net interest on past borrowing accountin…

The federal government just posted the largest deficit since COVID

Tax revenue increased by about 3 percent last year, but spending increased twice as fast. And interest payments on the debt cost more than $1.1 trillion.