# US deficit to hit $2.1 trillion as spending outstrips revenue 2026-08-12T02:24:57+00:00 | World & Diplomacy | Indian Opinion Desk Corroboration: 1 independent outlet The US federal deficit is on track to hit $2.1 trillion in fiscal year 2026, the Congressional Budget Office (CBO) has estimated. The figure would be $200 billion higher than the 2025 deficit. Spending rose $308 billion in the first 10 months of the fiscal year, while tax revenue increased by only $139 billion, according to Fox Business. The biggest cost drivers were interest on the $39 trillion national debt (up $117 billion) and mandatory programs: Social Security (up $70 billion), Medicare (up $66 billion) and Medicaid (up $45 billion). Corporate tax collections fell 23% after provisions in the One Big Beautiful Bill Act. Tariff revenue dropped sharply after the Supreme Court ordered refunds totaling about $100 billion. Maya MacGuineas of the Committee for a Responsible Federal Budget called the borrowing level 'astounding'. ## Coverage - hindustantimes.com Tags: CBO, Medicare, national debt, social security, tariff refunds, US deficit Canonical: https://indianopinion.org/us-deficit-to-hit-2-1-trillion-as-spending-outstrips-revenue/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/us-deficit-to-hit-2-1-trillion-as-spending-outstrips-revenue/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.