CBO FORECASTS SOARING U.S. DEFICITS AND DEBT The Congressional Budget Office projects the U.S. budget deficit will hit $3.115 trillion (6.7% of GDP) by FY2036, averaging 6.1% annually from FY2027–2036. FY2026 is expected at $1.853 trillion, unchanged from FY2025 as a share of GDP (5.8%). Key drivers include the 2025 Republican tax cuts (+$4.7 trillion over 10 years) and reduced immigration (+$0.5 trillion), partly offset by tariffs (+$3 trillion). Cumulative deficits from FY2027–2036 could reach $24.4 trillion. Economic growth is forecast at 2.2% in 2026, averaging 1.8% through 2036. Public debt may hit 120% of GDP by FY2036, surpassing the post-WWII peak of 106% in FY2030(*Walter Bloomberg)