The CBO said the federal deficit hit $2 trillion in the first 11 months of FY2025, driven by higher Social Security and ...

The deficit through August was slightly higher than the same time last year while the monthly deficit was lower ...

From September 2024 through August 2025, the federal government borrowed $1.9 trillion based on estimates from the ...

President Trump’s Federal Budget Deficit Reaches $2.0 Trillion in First 11 Months of Fiscal Year 2025, $92 Billion More Than ...

If saved by the Supreme Court, the tariffs are also expected to shrink the economy and cause inflation to spike.

That’s higher than the $440 billion in extra borrowing costs CBO estimated in June, before Republicans reworked many of the bill’s policies to abide by Senate rules and woo the support of GOP ...

President Trump’s tariffs and massive GOP tax cuts are set to have competing effects on the economy, according to the latest outlook report from the Congressional Budget Office (CBO), which shows an ...

"When we're talking about those expenditures, a good chunk of our spending now is interest on the debt," said Dr. Carolyn ...

The Congressional Budget Office (CBO) informed Senate Budget Committee ranking member Jeff Merkley (D-Ore.) in a letter Monday that the One Big Beautiful Bill Act, President Trump’s signature domestic ...

Trump and House GOP leaders have already sought to undercut the CBO’s projections, arguing that nonpartisan agency has missed the mark in the past and that its analyses don’t properly account for the ...

Maybe, just maybe, we free marketeers ought to consider that perhaps, Trump has been right about tariffs and America’s ...

WASHINGTON (AP) — A new analysis of President Barack Obama's budget for next year says the deficit scenario for next year isn't as rosy as the White House figured last month. Friday's Congressional ...