The charts below are based on information from the Congressional Budget Office, which does nonpartisan analysis for Congress.

The federal government is on pace to record one of the largest budget deficits in U.S. history this year when fiscal year ...

as a share of the economy is relatively low compared to its historical average, Swagel said. For the current fiscal year, the deficit will rise to $1.9 trillion, or 6.2% of GDP, as the federal ...

It’s vital for Congress to pair pro-growth tax cuts with pro-growth spending reforms. The federal budget itself needs a ...