On Oct. 8 the Congressional Budget Office estimated the US federal budget deficit for FY2026 at $2.0 trillion, $218 billion above FY2025. The CBO projects revenues to rise $169 billion (3%) and outlays to increase about $386 billion (6%). Spending gr

2026-10-09

On Oct. 8 the Congressional Budget Office estimated the US federal budget deficit for FY2026 at $2.0 trillion, $218 billion above FY2025. The CBO projects revenues to rise $169 billion (3%) and outlays to increase about $386 billion (6%). Spending growth is concentrated in net interest on the debt, major entitlement programs, defense and education; revenue gains are driven mainly by higher individual income and payroll tax receipts.