Trump’s $200 billion tariff hit swells budget deficit to $2.1 trillion for 2026, CBO confirms | Fortune0

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• August 11, 2026

The federal government’s tariff windfall is evaporating faster than expected, and the Congressional Budget Office says it’s blowing a $200 billion hole in this year’s budget. CBO now projects the fiscal 2026 deficit will hit $2.1 trillion, according to the nonpartisan scorekeeper’s Monthly Budget Review released Monday—up from the $1.9 trillion the agency forecast in