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.
The federal government ran yet another big budget deficit in February, as the national debt nudges close to $39 trillion.
The United States' budget deficit reached $1 trillion through the first five months of the current fiscal year as uncertainty about the future of the Trump administration's tariff agenda is set to ...
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