February 11, 2026
CBO: Federal deficits and debt to worsen over next decade
The nonpartisan Congressional Budget Office's 10-year outlook projects worsening long-term federal deficits and rising debt, driven largely by increased spending, notably on Social Security, Medicare, and debt service payments.
TL;DR
- The Congressional Budget Office forecasts worsening long-term federal deficits.
- Federal debt is projected to rise over the next 10 years.
- Increased spending on Social Security and Medicare is a key driver.
- Higher debt service payments also contribute to the worsening outlook.
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