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The federal budget deficit totaled $2.0 trillion in fiscal year 2026, CBO estimates, $218 billion more than the deficit recorded in fiscal year 2025.
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CBO analyzed the budgetary outcomes under two alternative scenarios in which interest rates are higher than those underlying CBO's February 2026 baseline.
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CBO examines how spending for flood adaptations today might affect the federal government's potential costs for disaster relief later, and what households are likely to pay for flood insurance that is subsidized by the federal government.
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David E. Mosher, CBO's Director of National Security Analysis, testifies before the Senate Armed Services Committee's Subcommittee on Strategic Forces.
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CBO responds to a request for an analysis of projected deficits and debt under a scenario with higher interest rates and a scenario with a constant debt-to-GDP ratio.
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CBO examines the distribution of income—and of the means-tested transfers and federal taxes that affect it—from 1979 to 2023.
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In CBO's projections, the gap between Social Security's outlays and revenues generally widens over the next 75 years, and the balance of the Old-Age and Survivors Insurance Trust Fund is exhausted in fiscal year 2032.
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CBO assesses the Department of Defense's costs for the current armed conflict against Iran, as well as the conflict's economic and budgetary effects.
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The federal budget deficit totaled $2.0 trillion in the first 11 months of fiscal year 2026, the CBO estimates. That amount is $6 billion less than the deficit recorded during the same period last fiscal year.
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Almost half of the employees at small businesses work for ones that do not offer a health insurance plan. CBO describes sources of coverage, health plan options, enrollment, and premiums.
