finance.biggo.com·2 min read·medium
U.S. Fiscal Deficit to Surge to $2.1 Trillion in FY2026 as Supreme Court Ruling Slashes Tariff Revenue
✦AI Summary
The Congressional Budget Office projects the U.S. fiscal deficit will reach $2.1 trillion in fiscal year 2026. This surge is attributed to a Supreme Court ruling that significantly reduced expected tariff revenue.
The U.S. fiscal balance is projected to deteriorate sharply in fiscal year 2026. According to estimates released by the Congressional Budget Office (CBO) on the 10th, reflecting data as of the end of July, the fiscal deficit for FY2026 (October 2025 ... [1538 chars]
economypolitics
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