"She said in a statement: "If you don't budget, you can't govern ... When the President does release his budget, it should include an actionable plan for getting our nation's finances on sustainable footing." MacGuineas urged the White House to share a fiscal target such as reducing deficits to at least 3% of GDP, and share specific tax and spending policies which directly address how to get debt on a sustainable path."
"The delayed filing is adding to concerns about how seriously the White House is taking America's fiscal situation: Uncle Sam has borrowed more than $38.5 trillion, and the government ran a deficit of $1.78 trillion for fiscal year 2025, which ended in September. President Trump isn't alone in missing the deadline: No president has submitted a budget on time since 2015."
The White House missed the statutory deadline to submit a fiscal year 2027 budget under the Budget and Accounting Act of 1921, which requires proposals on the first Monday in February; transitional delays are permitted but 2026 is not a transition year. The delayed filing intensified concerns amid rising deficits and more than $38.5 trillion in federal debt, with a $1.78 trillion deficit in fiscal 2025. The Committee for a Responsible Federal Budget urged a clear fiscal target (for example reducing deficits to 3% of GDP), specific tax and spending policies, and major reforms given projected deficits averaging over 6% of GDP.
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