The U.S. Congressional Budget Office estimates that the federal budget deficit will total $2 trillion in fiscal 2026, up $218 billion from fiscal 2025. The projection includes a $169 billion increase in revenue and an roughly $386 billion rise in spending. According to the estimate, the spending increase is mainly tied to net interest on debt, benefit programs, defense, and education. The figures were cited in a ChainCatcher news brief.
According to a ChainCatcher news brief, the U.S. Congressional Budget Office says the federal budget deficit will hit $2 trillion in fiscal 2026, up $218 billion from fiscal 2025.
It also expects revenue to climb by $169 billion. Spending, though, is projected to rise by about $386 billion. Most of that spending increase comes from net interest on debt, benefit programs, defense, and education.
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