U.S. deficit tops $1 trillion through February but runs below year-ago pace

For the fiscal year to date, the deficit totaled $1.004 trillion, about 12% lower than the comparable period in 2025.

Budget deficit hits $1 trillion in first five months of fiscal year: CBO

Federal budget deficit reached $1 trillion in five months through February 2026 as tax revenue jumped $206 billion due to higher income tax and tariff collections, CBO data shows.

As national debt nears $39 trillion and Trump promises to balance budget, Americans spend more on interest payments than on defense

In his address to a joint session of Congress in March 2025, President Donald Trump set a bold goal for the U.S. government. ...
Opinion
Committee for a Responsible Federal BudgetOpinion

CBO Estimates $1 Trillion Deficit for First Five Months of FY 2026

The United States borrowed $1.0 trillion in the first five months of Fiscal Year (FY) 2026, including $308 billion in February, according to the latest ...

$56 trillion national debt leading to a spiraling crisis: Budget watchdog warns the U.S. is walking a crumbling path

Trump is putting the U.S. economy on a "sugar high" and leaving other people holding the bill when it comes due a decade from ...
Opinion

Staggering US Deficits Call for a Debt-to-GDP Limit

I recently went to the doctor about a minor health issue. “Is what I’m experiencing normal?” I asked her. “No, it’s never normal,” she said, “but it happens to almost everybody.” I thought: That ...

A U.S. ‘debt spiral’ could start soon as the interest rate on government borrowing is poised to exceed economic growth, budget watchdog says

According to the latest projections from the Congressional Budget Office, publicly held debt is currently at $31 trillion and is about 100% of GDP. By fiscal year 2030, debt is expected to exceed the ...
WBOC

CBO: Federal deficits and debt to worsen over next decade

WASHINGTON (AP) — The nonpartisan Congressional Budget Office’s 10-year outlook projects worsening long-term federal deficits and rising debt, driven largely by increased spending, notably on Social ...