Waste Of The Day: Deficit Could Surpass $2 Trillion

Waste Of The Day: Deficit Could Surpass $2 Trillion Authored by Jeremy Portnoy via RealClearInvestigations, The federal deficit will be $2.1 trillion when fiscal year 2026 ends on Sept. 30, the Congressional Budget Office projected in its monthly budget review. The deficit - the gap between what the government spends and what it collects from taxes and other revenue - has never surpassed $1.8 trillion, except during the Covid-19 pandemic. Key facts: Federal revenues are up 3%...

By Tyler Durden