Rep. Thomas Massie (R-Ky.) warned on Tuesday that President Donald Trump's policies will increase the budget deficit this year and that rising interest payments on the debt will outweigh the federal expenditures.
Increase in Budget Deficit
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In a post on X, Massie said, "The President's Big Beautiful Bill, the Iran War, and Republican spending bills will create a $2 trillion budget DEFICIT in 2026."
The Office of Management and Budget projected a $2.065 trillion deficit for fiscal 2026, while the Congressional Budget Office (CBO) estimated a lower $1.853 trillion deficit.
