While 2024 was a record revenue year, it was also a record spending year; spending is growing faster. Read more here.

As congressional Republicans struggle to keep deficits in check while extending their sweeping 2017 tax cuts, the ...

The nonpartisan Congressional Budget Office released its latest 10-year budget outlook, which projected the U.S. is on track ...

For the final calendar month of 2024, the shortfall totaled $86.7 billion, which actually represented a 33% decline from a ...

The numbers: The U.S. federal budget deficit widened to a record $711 billion in the first three months of the fiscal year, up from $510 billion in the same period last year, an increase of 39% ...

Even if those tax breaks are allowed to lapse at year’s end, the federal budget deficit will still ... economy is relatively low compared to its historical average, Swagel said.