U.S. Deficit Projected to Hit $2 Trillion, Double Target

The U.S. federal deficit is projected to reach $2 trillion, which is double the fiscal target. Currently, the 12-month rolling deficit stands at approximately $1.7 trillion as of April 2026. This increase in deficit is prompting the government to issue more debt than initially expected, highlighting concerns over cash flow. Understanding these figures is critical for market analysts as they reflect broader economic conditions and potential impacts on interest rates and borrowing costs.