Federal deficit reaches $1.99 trillion, highest since 2021
The fiscal 2026 shortfall grew by $217 billion as spending rose twice as fast as receipts, which reached a record $5.40 trillion.
fiscal 2026
-
-
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.
-
Idaho closes fiscal 2026 with revenue above forecast and keeps its AAA credit rating
Idaho’s General Fund collections finished fiscal year 2026 above both the state financial management office’s revised forecast and the Legislature’s forecast, according to a July 17 announcement from Gov. Brad Little’s office.