Zooming out and looking over the history of the budget back to 2016 shows a more complete picture. The change since Covid is ...

The U.S. government recorded a $1.8 trillion budget deficit for fiscal 2025, just $8 billion smaller than the previous year, the Congressional Budget Office said. Revenue rose 6% while spending ...

As the Union Budget 2026 takes centre stage, three key indicators — the revenue deficit, fiscal deficit and primary deficit — are back in focus. These metrics are closely watched by economists, ...

WASHINGTON, Oct 16 (Reuters) - The U.S. budget deficit shrank by $41 billion to $1.775 trillion in the 2025 fiscal year as an increase in revenue from President Donald Trump's tariffs and cuts to ...

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 ...

The twin deficits hypothesis has long been central to macroeconomic debates, positing that a government’s chronic fiscal deficit may generate or exacerbate a current account deficit. This ...

Big isn’t beautiful when it comes to government debt, but tariffs and the Department of Government Efficiency help to plug the hole left by President Trump’s latest fiscal bill. The net effect will be ...

Baltimore could see a $3.3 million deficit next summer and is in a tight spot through one quarter of the new fiscal year if current spending levels continue, the city budget director said Tuesday.