Government ❯ Finance ❯ Budgeting

Deficits

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CBO: FY2026 Deficit Hits $1.37 Trillion Through Nine Months as Interest Costs Surge

Rising net interest and higher entitlement payouts are driving borrowing toward $2 trillion and prompting calls for policy changes.

U.S. Debt Tops $39 Trillion as Treasury Plans About $2 Trillion in Borrowing

U.S. March Budget Gap Rises to $164 Billion as Refunds Jump

San Francisco Deficit Narrows to About $644 Million in New Controller Report

U.S. Posts Record $145 Billion December Deficit as Outlays Hit New High

MYEFO Narrows Deficit to $36.8 Billion as Savings and Revenues Lift Budget

California Faces Nearly $18 Billion Budget Gap for 2026–27, LAO Warns

CBO Puts 2025 U.S. Deficit at $1.8 Trillion as Debt Nears $38 Trillion

Tariffs Drive Record $30 Billion in August Customs Duties as Deficit Nears $2 Trillion