Deficit of $308 Billion in February 2026

 The federal government incurred a deficit of $308 billion in February 2026. The federal budget deficit totaled $1.0 trillion in the first five months of fiscal year 2026, the Congressional Budget Office estimates. That amount is $142 billion less than the deficit recorded during the same period last fiscal year. Revenues rose by $206 billion (or 11 percent), and outlays were $64 billion (or 2 percent) higher. Outlays for net interest on the public debt rose by $31 billion (or 8 percent) [to $433 billion FYTD] because the debt was larger than it was in the first five months of fiscal year 2025 and because of higher long-term interest rates.

https://www.cbo.gov/system/files/2026-03/61978-MBR.pdf