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CBO Projects FY2026 Deficit Near $2 Trillion, Interest Up 13%

7/11/2026

26 3 Full Breakdown

Summary

Story summary

CBO reports FY2026 deficit at $1.373 trillion through nine months, projecting near $2 trillion.
Net interest hit $857 billion for FY2026, about $23.8 billion weekly, up 13%.
Spending rose $178 billion, driven by $98 billion higher interest and larger entitlement outlays.
Maya MacGuineas of the Committee for a Responsible Federal Budget warned borrowing $2 trillion this year threatens Social Security and Medicare and urged a 3% of GDP deficit goal.

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Story summary

CBO reports FY2026 deficit at $1.373 trillion through nine months, projecting near $2 trillion.
Net interest hit $857 billion for FY2026, about $23.8 billion weekly, up 13%.
Spending rose $178 billion, driven by $98 billion higher interest and larger entitlement outlays.
Maya MacGuineas of the Committee for a Responsible Federal Budget warned borrowing $2 trillion this year threatens Social Security and Medicare and urged a 3% of GDP deficit goal.