US federal budget deficits will be nearly $1 trillion higher over the next decade than projected in January by the Congressional Budget Office as a result of tax and spending legislation and tariffs, according to a budget watchdog.
The Committee for a Responsible Federal Budget’s latest forecasts show a cumulative deficit of $22.7 trillion from fiscal 2026 to 2035, compared to the CBO’s January forecast of $21.8 trillion, which was
