CBO Projects Increased Federal Deficits and Debt Over Next Decade
Originally: Federal deficits and debt will worsen over next decade, Congressional Budget Office finds
The Congressional Budget Office's latest report forecasts worsening federal deficits and rising debt over the next decade, primarily due to increased spending on Social Security, Medicare, and debt service payments. The projected 2026 deficit is expected to be $100 billion higher than previously estimated, with total deficits from 2026 to 2035 increasing by $1.4 trillion. Despite some revenue increases from higher tariffs, the overall fiscal outlook has deteriorated, raising concerns about the impact on government spending for essential services.
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PBS NewsHour
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