Budget deficit hits $1 trillion in first five months of fiscal year: CBO Federal budget deficit reached $1 trillion in five months through February 2026 as tax revenue jumped $206 billion due to higher income tax and tariff collections, CBO data shows. Orignial Source: https://www.foxbusiness.com/politics/budget-deficit-hits-1-trillion-first-five-months-fiscal-year-cbo Previous article: Clams, raw oysters recalled over possible norovirus contamination across 9 states: FDA Prev Next article: Will tapping oil reserves curb soaring gas prices? Next