CBO: Tariff changes add $900 billion to projected deficits
CBO says tariff-policy changes through July 31 will raise projected federal deficits by $900 billion over fiscal years 2027-2036, as customs revenue falls.
Federal Deficit
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CBO estimates Trump’s 2027 budget proposals would reshape federal spending through 2036
A new Congressional Budget Office analysis places the president’s fiscal 2027 budget request against a federal deficit projected at $1.9 trillion this year and rising debt burdens through 2036.
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CBO estimates federal deficit reached $1.4 trillion through first nine months of fiscal 2026
The Congressional Budget Office says the federal deficit was $35 billion higher than during the same period last year, as outlays grew faster than revenues.
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CBO Estimates $1.2 Trillion Federal Deficit Through First Eight Months of Fiscal 2026
The Congressional Budget Office says the federal deficit reached an estimated $1.2 trillion through the first eight months of fiscal 2026, with revenues rising faster than outlays compared with the same period last year.
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CBO schedules Aug. 10 budget review as federal deficit reaches $1.2 trillion
The Congressional Budget Office says the federal deficit totaled $1.2 trillion through the first eight months of fiscal year 2026, with revenues up $174 billion and outlays up $57 billion.
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Federal deficit reaches $1.4 trillion through June as funding fight nears
CBO estimates the federal deficit reached $1.4 trillion through June as senators unveiled a proposal to keep agencies funded through Dec. 11.