U.S. Deficit Projected To Hit $2 Trillion, Double Fiscal Target

By Brett Rowland | The Center Square(Worthy News) – The federal government is projected to post a $2 trillion deficit in fiscal year 2026, double the 3% of GDP target that has bipartisan support in Congress, according to Treasury’s quarterly refunding documents.The $2 trillion figure in fiscal year 2026 is up from $1.7 trillion last year. The Office of Management and Budget projects a deficit of $2.065 trillion, primary dealers surveyed by Treasury projected a median of $1.950 trilli