In a new projection from the nonpartisan Congressional Budget Office, the federal budget deficit - the gap between government revenue vs. spending - will be $1.9 trillion for the 2024 fiscal year. The ...

The Congressional Budget Office estimated Wednesday that the federal budget deficit for fiscal 2025 was $1.8 trillion as interest payments crossed $1 trillion for the first time. That $1.8 trillion ...

Discover key arguments for and against a balanced federal budget, exploring potential impacts on national debt, taxpayers, and future economic stability.

The U.S. budget deficit in July climbed 20% this fiscal year compared to the last despite the U.S. taking in record income from President Donald Trump’s tariffs, according to Treasury Department data ...

The federal budget gap narrowed more sharply than forecasters anticipated in November, offering a rare piece of good news in a fiscal landscape still dominated by red ink. The monthly shortfall came ...

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 ...

President Donald Trump returned to the White House with a promise to slash spending by trillions of dollars and balance the federal budget. But, as the first fiscal year of his second term came to a ...

The U.S. federal budget deficit hit $1.8 trillion in the fiscal year ending on Sept. 30, the Congressional Budget Office (CBO) reported Wednesday. Moreover, President Donald Trump’s sweeping tariffs ...