The federal budget deficit totaled $601 billion in the first quarter of fiscal year 2026, CBO estimates. That amount is $110 billion less than the deficit recorded during the same period last fiscal year.
CBO Blog
CBO provides details about its latest projections of the economy through 2028. Those projections were finalized on December 3, 2025.
In CBO's projections, the U.S. population grows from 349 million people in 2026 to 364 million in 2056, and the average age rises. Starting in 2030, annual deaths exceed annual births, and net immigration accounts for all population growth.
CBO provides details about how health insurance spending is measured in the agency's Distribution of Household Income report series.
CBO announces what to expect in the coming weeks as the agency begins the new calendar year with a series of reports that offers updated insights into the nation's demographic trends, economic outlook, and budgetary conditions.
CBO finds that maintenance for Navy destroyers and amphibious warfare ships has often taken longer and required more labor than planned. Those delays affect the fleet's readiness and reflect aging ships, late inspections, and other factors.
The federal budget deficit totaled $439 billion in October and November 2025, the first two months of fiscal year 2026, CBO estimates. That amount is $185 billion less than the deficit recorded during the same period last fiscal year.
CBO would benefit from additional data and research that would broaden and deepen the agency's basis of assessment for modeling the effects of permitting-related legislative proposals and administrative actions.
CBO is looking for new research to help explain the unexpectedly rapid growth of projected per-enrollee costs in bids from Medicare Part D plans.
Tariffs have changed frequently throughout 2025. CBO has regularly updated Congress about how those changes affect projected tariff revenues. This blog post is the latest in that series.