The federal budget deficit rose to $1.8 trillion for fiscal 2024, ending in September, the Treasury Department announced Friday, a warning about the government’s finances that comes amid an ...

The federal budget deficit rose to $1.7 trillion for fiscal 2023, which ended in September, the Congressional Budget Office estimated on Tuesday. The shortfall was $300 billion higher than the $1. ...

Last year, Joe Biden was trying to take credit for "the largest drop ever" in the federal budget deficit. But the deficit is predictably rising again, and the White House is silent.

The federal budget deficit is expected to balloon to about $2 trillion for fiscal year 2023, roughly double what it was in the previous fiscal year, according to a government watchdog group.

WASHINGTON — The United States federal budget deficit jumped 26 percent in the 2019 fiscal year to $984 billion, reaching its highest level in seven years as the government was forced to borrow ...

President Biden on Friday touted recent figures showing the federal budget deficit fell by $1.4 trillion in fiscal 2022 from the prior year’s levels as Democrats work to fend off Republican ...

Jeff Faux, EPI founder and Distinguished Fellow, submitted the following written testimony to the National Commission on Fiscal Responsibility and Reform: The Commission on Deficit Reduction has ...

The United States budget deficit grew to a record $1.7 trillion in the six months since October, as the federal government continued to pump huge sums of money into the economy to help workers and ...

At the end of 2024, the federal deficit reached more than $1.8 trillion. Numbers so large are frightening to some and political fodder to others. That’s better than the $3.1 trillion shortfall ...

This year's deficit is projected to be the second largest since 1945, exceeded only by last year's deficit, the nonpartisan budget office noted. The United States is projected to spend $6.8 ...