The Budget Deficit in FY 2026 Was Just Shy of $2 Trillion

Source: Exiled Policy
by Jason Pye

“The budget deficit for FY 2026 was just shy of $2 trillion, according to the Congressional Budget Office (CBO). That’s a 12 percent increase over FY 2025. Some will undoubtedly attribute the budget deficit’s size to the refunds the Trump administration had to issue after the Supreme Court struck down its illegal tariff regime. That’s partly true, but it doesn’t tell the whole story about the deficit and the growing budgetary woes the federal government is experiencing.” (10/21/26)

https://exiledpolicy.substack.com/p/the-budget-deficit-in-fy-2026-was