The Congressional Budget Office on Wednesday warned yet again that the US is on an unsustainable fiscal path, jacking up its ...

The federal government has borrowed $1.6 trillion over the past 12 months based on the latest estimates from the ...

The Congressional Budget Office expects the U.S. federal deficit to rise more over the coming years than previously expected, a release by the agency showed Wednesday.

WASHINGTON, Feb 11 (Reuters) - The U.S. government posted a $95 billion budget deficit in January, down $34 billion or 26% from a year earlier as revenue gains including customs duties outpaced growth ...

WASHINGTON >> The U.S. budget deficit will grow slightly in fiscal 2026 to $1.853 trillion, the Congressional Budget Office forecast on Wednesday, showing that on balance, President Donald Trump’s ...

The U.S. budget deficit is expected to soar to $3.1 trillion by 2036 from $1.9 trillion in fiscal 2026, according to the latest forecast from the Congressional Budget Office released on Wednesday. And ...

Roughly a third of the revenue boom resulted from Trump’s unprecedented, near-universal tariffs on imports. Yet more than half of the revenue increase came from rising wages and realized capital gains ...

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 ...

The Trade Deficit is one of the two components of the 'twin deficits,' the other being the federal budget deficit. The October trade deficit came in at -$29.3B, the smallest since the 2009 Great ...

Taken in absolute terms at the end of each presidential term, the claim is true. However, while a U.S. president can direct policy and campaign for certain spending priorities and tax reforms, the ...