Deficit will be $200B more than initially anticipated: CBO projection

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The Congressional Budget Office projects the US federal deficit for fiscal year 2026 will reach $2.1 trillion, $200 billion more than initially estimated. This revision signals increasing budgetary challenges ahead for the government.

The fiscal year deficit for the federal government will be $200 billion more than the Congressional Budget Office (CBO) initially projected, the federal agency revealed Monday. In its monthly budget review, the CBO projected the fiscal 2026 federal deficit will be $2.1 trillion. In February, it projected the deficit would be $1.9 billion. The change…