The fiscal year deficit for the federal government will be $200 billion more than the Congressional Budget Office (CBO) initially projected, the federal agency revealed Monday. In its monthly budget ...

The Congressional Budget Office reported a $1.8 trillion federal deficit for fiscal year 2025, driven in part by a record $1 ...

The CBO's monthly update shows the federal budget deficit on track to hit $2.1 trillion as national debt interest costs surge ...

International markets are rattled by global events. That was made clear by the Aug. 18 widespread global selloff of U.S.

The federal government paid out more tariff money in July than it collected, a reversal that has driven this year's deficit ...

The Trump-backed budget and spending package making its way through Congress will increase the federal deficit by $2.8 trillion by 2034, the nonpartisan Congressional Budget Office said in a report ...

The federal budget deficit totaled $1.37 trillion in the first nine months of the current fiscal year, according to the latest monthly budget review from the Congressional Budget Office. The deficit ...

The federal government's tariff windfall is evaporating faster than expected, and the Congressional Budget Office says it's blowing a $200 billion hole in this year's budget. CBO now projects the ...

US federal deficit is expected to hit $2.1 trillion in 2026 as spending rises faster than tax revenue, while debt interest and benefit costs climb.

Musk used a household analogy to describe the US fiscal situation and the CBO numbers now arriving make that comparison more pointed than when he first made it The interest cost figure buried in the ...

Recent shifts in U.S. tariff policy may add $1.1 trillion to federal budget deficits over a 10-year period, though exact calculations aren’t yet possible, according to the director of the nonpartisan ...