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Budget deficit hits $1 trillion in first five months of fiscal year: CBO

By Fox Business March 09, 2026 Bearish
Budget deficit hits $1 trillion in first five months of fiscal year: CBO
Federal budget deficit reached $1 trillion in five months through February 2026 as tax revenue jumped $206 billion due to higher income tax and tariff collections, CBO data shows.
Federal budget deficit reached $1 trillion in five months through February 2026 as tax revenue jumped $206 billion due to higher income tax and tariff collections, CBO data shows.