The federal government's budget deficit reached $2 trillion for the current fiscal year as the deficit has widened by nearly $100 billion from last year. The nonpartisan Congressional Budget Office ...

WASHINGTON -- The United States' deficit for the current fiscal year surpassed $1.3 trillion in May with payments on Social Security, Medicare and net interest serving as the most prominent outlays.

Learn why state governments can't run fiscal deficits like the federal government, focusing on balanced-budget laws and their economic impact.

The federal government spent $126.6B more than it collected in January, exceeding the $89.9B consensus estimate, according to the U.S. Treasury's monthly statement released on Wednesday. The budget ...

Since Donald Trump returned to the White House in January, the federal deficit has declined by $516 billion on a trailing-12-month basis. Spending is basically flat, but revenue is up a remarkable 8.5 ...

We hear a lot of talk about the federal debt these days, but it’s important to recognize that loss of revenue is actually entirely responsible for the entire debt, not high costs. Per the ...

The U.S. federal deficit remains historically high, but recent fiscal swings have not significantly disrupted economic growth or inflation trends. Since 2009, the Federal Reserve's shift to a quantity ...

WASHINGTON >> The federal government posted a $129 billion budget deficit for January, up sharply from an unusually low $22 billion deficit in January 2024 due to calendar shifts in benefit payments ...

The federal government ran a budgetary deficit of $18.4-billion for its April-to-October period. The result compared with a ...

I am 100% behind President Donald Trump trying to right-size the federal government. Really, all taxpayers should be. Our current rate of deficit spending is going to end badly, and the time to fix it ...