The Congressional Budget Office (CBO) has significantly revised its 10-year fiscal outlook, projecting an additional $1.4 trillion in cumulative federal deficits between 2026 and 2035 compared to its January 2025 baseline. The updated forecast reflects higher government spending, softer revenue expectations, and a rapidly expanding interest burden.

The Bank of Russia lowered its benchmark key interest rate by 50 basis points to 15.5% on February 13, 2026, extending its easing cycle with a sixth consecutive cut. The decision came as a surprise to most economists, who had expected policymakers to hold rates steady at 16% amid a recent inflation uptick.

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