Tag: federal deficit

US federal deficit is expected to hit $2.1 trillion in 2026 as spending rises faster than tax revenue, while debt interest and benefit costs climb. (AFP)
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US federal deficit set to hit $2.1 trillion as spending outpaces tax revenue, CBO says

 August 11, 2026  Leave a Comment on US federal deficit set to hit $2.1 trillion as spending outpaces tax revenue, CBO says

The US federal budget deficit is on track to cross $2 trillion in fiscal year 2026, making it one of the biggest shortfalls ever recorded….

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