https://www.live-feeds.com/feed/federal-budget-deficit-reaches-2t-in-first-11-months-of-fiscal-year-2026-cbo-reportsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/federal-budget-deficit-reaches-2t-in-first-11-months-of-fiscal-year-2026-cbo-reportshttps://www.live-feeds.com/feed/federal-budget-deficit-reaches-2t-in-first-11-months-of-fiscal-year-2026-cbo-reports#u67212Sun, 13 Sep 2026 20:20:58 +0000The federal budget deficit reached $2 trillion during the first 11 months of fiscal year 2026, according to the Congressional Budget Office. While the deficit shrank in August, the year-to-date shortfall remains near or at the $2 trillion mark with one month remaining in the fiscal year. August alone saw a monthly deficit exceeding $166.8 billion. This spending level represents the largest deficit since the Covid pandemic.Why it mattersThe deficit reflects the gap between federal spending and revenue. Rising interest costs are a significant factor, with some reports indicating the interest bil