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CBO Projects Larger Federal Deficit

Updated 2026-08-11 17:55 UTC 1 source Negative

The Congressional Budget Office (CBO) has projected a larger federal deficit for fiscal year 2026, with the deficit expected to be $2.1 trillion, up from an initial projection of $1.9 trillion. The increase is attributed to higher spending and lower revenue forecasts.

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The Hill

Deficit will be $200B more than initially anticipated: CBO projection

The fiscal year deficit for the federal government will be $200 billion more than the Congressional Budget Office (CBO) initially projected, the federal agency revealed Monday. In its monthly budget review, the CBO projected the fiscal 2026 federal deficit will be $2.1 trillion. In February, it proj

2026-08-11 17:17 UTC