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U.S. Deficit Soars to $22.7 Trillion by 2035

8/26/2025

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Summary

Story summary

The U.S. federal budget deficit is projected to reach $22.7 trillion from 2026 to 2035, nearly $1 trillion higher than previous estimates.
The Committee for a Responsible Federal Budget (CRFB) anticipates a $1.7 trillion deficit for fiscal 2025, increasing to $2.6 trillion by 2035.
Tariff revenues may mitigate some deficit increases, but legal challenges could limit savings.
The national debt stands at approximately $37.2 trillion, with expected interest payments of $14 trillion over the next decade.
Congress faces a September funding deadline, risking a government shutdown without approved spending bills.

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Story summary

The U.S. federal budget deficit is projected to reach $22.7 trillion from 2026 to 2035, nearly $1 trillion higher than previous estimates.
The Committee for a Responsible Federal Budget (CRFB) anticipates a $1.7 trillion deficit for fiscal 2025, increasing to $2.6 trillion by 2035.
Tariff revenues may mitigate some deficit increases, but legal challenges could limit savings.
The national debt stands at approximately $37.2 trillion, with expected interest payments of $14 trillion over the next decade.
Congress faces a September funding deadline, risking a government shutdown without approved spending bills.