Deficit to exceed initial estimates by $200B: CBO

The U.S. annual deficit is expected to be $200 billion more than the Congressional Budget Office originally expected, CBO stated in its monthly review.

Initially, the U.S. deficit had been estimated at $1.9 trillion in February, but its latest review has put the figure at $2.1 trillion, The Hill reported. The revision marks the latest sign of increasing government deficit spending, with the national debt nearing $40 trillion.

Each year, the U.S. government collects approximately $4 trillion in revenue, compared with roughly $6 trillion in spending.

 In fiscal year 2026 to date, interest on the debt amounted to roughly 15% of spending. Social Security remained the largest category at 23%, while Medicare accounted for 14%, Health accounted for another 14%, and 13% was spent on National Defense.

Ben Whedon is the Chief Political Correspondent for Just the News. Follow him on X.