February 11, 2026
U.S. deficit rises as Trump tax cuts, immigration crackdown sap revenue
President Trump's tariffs have given Uncle Sam a boost, but the government will still run a nearly $2 trillion deficit this year, the Congressional Budget Office said Wednesday, pointing to overheated spending that far outstrips revenue coming in the door.
TL;DR
- The U.S. government will run a deficit of nearly $2 trillion this year.
- President Trump's tariffs have provided a boost to government revenue.
- Overheated spending is outpacing revenue, contributing to the deficit.
- The Congressional Budget Office reported these figures on Wednesday.
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