Collections of federal revenues from October 2025 to mid-May 2026 totaled $3.5 trillion, about $50 billion (or 1 percent) less than would be expected on the basis of CBO's February 2026 baseline projections.
CBO Blog
CBO examines three options to quickly increase the offensive lethality of the U.S. Navy's fleet of surface ships by 2030.
CBO estimates that a national missile defense system possessing capabilities broadly consistent with those in the "The Iron Dome for America" executive order would cost about $1.2 trillion to develop, deploy, and operate for 20 years.
-
The federal budget deficit totaled $955 billion in the first seven months of fiscal year 2026, CBO estimates. That amount is $94 billion less than the deficit recorded during the same period last fiscal year.
CBO analyzes one of DoD's largest and most complicated budget requests in the past 50 years. DoD's 2026 budget request totaled $961 billion, including $113 billion in funding provided by the 2025 reconciliation act.
CBO examines rural housing demographics, federal credit programs and other programs that support rural communities, and the total budgetary effects of those federal credit programs.
Eric J. Labs, CBO's Senior Analyst for Naval Forces and Weapons, testifies at a joint hearing before the House Subcommittees on Seapower and Projection Forces and on Coast Guard and Maritime Transportation.
To show how economic conditions affect its budget projections, CBO analyzed how revenues, outlays, and deficits might change if the values of key economic variables differed from those in the agency's forecast.
CBO Director Phillip Swagel testifies before the Senate Appropriations Committee's Subcommittee on the Legislative Branch.
In 2026, CBO will promote transparency by publishing new modeling tools, source code, and technical documentation and by explaining the methods it uses for its analyses in several topic areas.