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Budget and economic projections, 2026-02

Economic projections: This file presents data that supplement CBO's February 2026 report The Budget and Economic Outlook: 2026 to 2036.

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10-Year Treasury note Percent
10-year Treasury note rate in 2026: 4.127 %
cbo-projections-2026-02-001
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Consumer price index, all urban consumers (CPI-U) 1982-84=100 / Percentage change, annual rate
CPI-U inflation in 2026: 2.924 %
cbo-projections-2026-02-006
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deficit, Total (baselines.csv)
federal budget deficit in 2026: -1859.16 billion USD (negative = deficit)
cbo-projections-2026-02-011
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Real GDP Billions of chained (2017) dollars / Percentage change, annual rate
real GDP growth in 2026: 2.364 %
cbo-projections-2026-02-016

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10-Year Treasury note Percent
10-year Treasury note rate in 2027: 4.254 %
cbo-projections-2026-02-002
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Consumer price index, all urban consumers (CPI-U) 1982-84=100 / Percentage change, annual rate
CPI-U inflation in 2027: 2.547 %
cbo-projections-2026-02-007
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deficit, Total (baselines.csv)
federal budget deficit in 2027: -1883.267 billion USD (negative = deficit)
cbo-projections-2026-02-012
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Real GDP Billions of chained (2017) dollars / Percentage change, annual rate
real GDP growth in 2027: 1.861 %

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10-Year Treasury note Percent
10-year Treasury note rate in 2028: 4.303 %
cbo-projections-2026-02-003
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Consumer price index, all urban consumers (CPI-U) 1982-84=100 / Percentage change, annual rate
CPI-U inflation in 2028: 2.361 %
cbo-projections-2026-02-008
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deficit, Total (baselines.csv)
federal budget deficit in 2028: -2075.275 billion USD (negative = deficit)
cbo-projections-2026-02-013
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Real GDP Billions of chained (2017) dollars / Percentage change, annual rate
real GDP growth in 2028: 1.805 %

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10-Year Treasury note Percent
10-year Treasury note rate in 2029: 4.329 %
cbo-projections-2026-02-004
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Consumer price index, all urban consumers (CPI-U) 1982-84=100 / Percentage change, annual rate
CPI-U inflation in 2029: 2.288 %
cbo-projections-2026-02-009
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deficit, Total (baselines.csv)
federal budget deficit in 2029: -2014.344 billion USD (negative = deficit)
cbo-projections-2026-02-014
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Real GDP Billions of chained (2017) dollars / Percentage change, annual rate
real GDP growth in 2029: 1.754 %

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10-Year Treasury note Percent
10-year Treasury note rate in 2030: 4.342 %
cbo-projections-2026-02-005
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Consumer price index, all urban consumers (CPI-U) 1982-84=100 / Percentage change, annual rate
CPI-U inflation in 2030: 2.263 %
cbo-projections-2026-02-010
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deficit, Total (baselines.csv)
federal budget deficit in 2030: -2193.929 billion USD (negative = deficit)
cbo-projections-2026-02-015
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Real GDP Billions of chained (2017) dollars / Percentage change, annual rate
real GDP growth in 2030: 1.783 %