{"id":627355,"date":"2026-05-06T18:45:16","date_gmt":"2026-05-06T18:45:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/627355\/"},"modified":"2026-05-06T18:45:16","modified_gmt":"2026-05-06T18:45:16","slug":"treasury-markets-anticipate-at-least-2-trillion-fy-2026-deficit","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/627355\/","title":{"rendered":"Treasury & Markets Anticipate At Least $2 Trillion FY 2026 Deficit"},"content":{"rendered":"

The U.S. Treasury Department released its Quarterly Refunding Documents<\/a> for Q2 of Calendar Year 2026 today. These documents include information from Treasury and bond market participants about their estimates of needed borrowing over the next two quarters. The presentation<\/a> from Treasury shows that the Administration is estimating a $2.1 trillion deficit (based on the President\u2019s budget) for the Fiscal Year (FY) 2026 while market participants are estimating a $2.0 trillion deficit.<\/p>\n

The following is a statement from Maya MacGuineas, president of the Committee for a Responsible Federal Budget:<\/p>\n

Both the Treasury and the markets agree we\u2019re on course to borrow $2 trillion this year, up from the $1.8 trillion deficit we logged last year. $2 trillion deficits used to be unheard of, and then they only occurred during major recessions \u2013 it\u2019s beyond scary that $2 trillion deficits are now the norm.<\/p>\n

As policymakers and thought leaders are increasingly gravitating toward the idea that we need to put deficits on track towards 3% of GDP<\/a>, today\u2019s news shows just how far we have to go. A $2 trillion deficit is more than 6% of GDP \u2013 about twice the 3% target \u2013 and things are getting worse, not better.<\/p>\n

This is yet another data point \u2013 along with debt passing 100% of the economy in March and interest spending on track to top more than $1 trillion this year \u2013 showing the need for us to get our fiscal situation under control. \u00a0<\/p>\n

Markets will only tolerate our unsustainable borrowing for so long; the risk of a fiscal crisis gets higher as the days pass. We need deficit reduction urgently.\u00a0<\/p>\n

\u00a0###<\/p>\n

For more information, please contact Matt Klucher, Assistant Director for Media Relations, at klucher@crfb.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"The U.S. Treasury Department released its Quarterly Refunding Documents for Q2 of Calendar Year 2026 today. These documents…\n","protected":false},"author":2,"featured_media":241789,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[23,3,21,19,22,20,25,24],"class_list":["post-627355","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-states","tag-america","tag-news","tag-united-states","tag-united-states-of-america","tag-unitedstates","tag-unitedstatesofamerica","tag-us","tag-usa"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/627355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=627355"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/627355\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/241789"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=627355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=627355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=627355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}