U.S. Deficit Rises as Trump Tax Cuts, Immigration Crackdown Sap Revenue

U.S. deficit rises as Trump tax cuts, immigration crackdown sap revenue

President Trump's tariffs have given Uncle Sam a boost, but the government will still run a nearly $2 trillion deficit this year, the Congressional Budget Office said Wednesday, pointing to overheated spending that far outstrips revenue coming in the door.

US budget deficit to grow to US$1.853 trillion in FY2026

CBO forecast shows Trump’s economic policies are worsening the country’s fiscal picture

U.S. Budget Deficit FY2026 on Track to Top $2 Trillion

February 10, 2026—The U.S. budget deficit is on track to top $2 trillion this year. In the first four months of fiscal year 2026, which started on October 1, 2025, the federal government ran a deficit of $696 billion. Revenues increased by 12 percent with higher receipts coming into the government from individual taxes and […] The post U.S. Budget Deficit FY2026 on Track to Top $2 Trillion appeared first on Global Economic Report.