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

The nonpartisan Congressional Budget Office (CBO) on Tuesday released an update to its 10-year budget outlook that found the federal budget deficit will ... And it's long past time for Congress ...

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

Federal spending is out of control. The stated 1981 budget deficit ... year later, in January 1980, the new forecast for 1980 was dramatically different: economic growth of -1.0 percent, inflation ...

I cover changes and new developments in the federal tax law ... the bill cannot increase the deficit beyond a 10-year budget window. Under the Tax Cuts and Jobs Act, taxes were reduced ...

Attention has been focused on the U.S. budget deficit in the run-up ... also on grounds that the share of federal revenues has been stable over the past 50 years at 18% of GDP.

Congress has run a deficit every year since 2001. In the past 50 years, the federal government has ended with a fiscal year-end budget surplus four times, most recently in 2001.

Even if those tax breaks are allowed to lapse at year’s end, the federal budget deficit will still climb to $2.7 trillion in a decade, according to the CBO’s latest outlook, released Friday.