Tariffs Only Generating Revenue Falling Short of Debt Costs
New fiscal data show tariffs only generating revenue are not near enough to cover debt service, even as deficits wide...
CBO
Explore four CBO-focused articles: trust fund projections, tariff effects, borrowing needs, and deficit shifts. Learn what these budget notes mean for your wallet and planning.
5 articles
Deficit Just Grew $955 Billion: Time for a Constitutional Fix
Seven months into fiscal 2026, the deficit surged to $955 billion, intensifying pressure on policymakers to restrain ...
Social Security’s Trust Fund Could Run Dry by 2032, Likely
A new CBO forecast warns that social security’s trust fund could be empty by 2032, triggering automatic cuts that wou...
CBO Highlights Good News Trump’s Tariff Repeal Impact
A new CBO forecast shows tariffs being rolled back would widen the deficit by about $2 trillion over 2026-2036, yet t...
Treasury Might Need to Borrow Extra After Tariff Ruling
The Supreme Court ruling overturning most 2025 tariffs triggers a bigger budget gap. The CBO warns deficits will rise...