The federal budget deficit totaled $1.2 trillion in the first half of fiscal year 2026, CBO estimates. That amount is $139 billion less than the deficit recorded during the same period last fiscal year.
The federal budget deficit totaled $1.2 trillion in the first half of fiscal year 2026, CBO estimates. That amount is $139 billion less than the deficit recorded during the same period last fiscal year. Revenues rose by $223 billion (or 10 percent), and outlays were $84 billion (or 2 percent) higher.
