Federal Deficit Totaled $1 Trillion In Beginning Of Fy2026, CBO Says

By Andrew Rice | The Center Square(Worthy News) – The United States federal budget deficit totaled $1 trillion in the first five months of fiscal year 2026, according to the Congressional Budget Office.The latest federal deficit estimate is $142 billion less than the deficit from this time in the previous fiscal year. The CBO saw tariffs raise the amount of money that came into the federal government during the first five months of the fiscal year.The CBO estimated the government brought i