The US government posted a $1.695 trillion budget deficit in fiscal 2023, a 23% jump from the prior year as revenues fell and outlays for Social Security, Medicare and record-high interest costs ...

The U.S. budget deficit surged past the $1 trillion mark in February, less than six months into fiscal year 2025. According to the Department of the Treasury, the federal government so far has ...

United States senators have passed a package of sweeping cuts that would slash Washington’s foreign aid expenditures by about ...

The US federal budget deficit grew between October and June compared to the same period last year, despite the increase in tariff revenues, according ...

Budget hawk Sen. Rand Paul (R-KY) on Tuesday mocked the Senate plan to cut $9.4 billion in Biden-era spending, demanding that if the chamber can’t make cuts of $100 billion or more, then the “public ...

Gov. Gavin Newsom is counting $7 billion drawn from a reserve account as revenue, making California's $20 billion budget deficit seem smaller.

The U.S. federal budget deficit is expected to nearly double this year, growing to $2 trillion as a result of higher interest rates and lower tax revenue.

During fiscal year 2022, the US budget deficit was slashed in half, falling to under $1.4 trillion, amid a winding down of pandemic-related spending and a jump in revenue from the surging economic ...

The U.S. budget deficit surged to a record of $1.9 trillion for the first seven months of this budget year, bloated by the billions of dollars being spent in coronavirus relief packages. The ...

US Budget Deficit Hits $2.77 Trillion in 2021, 2nd Highest As a percentage of the overall economy, the 2021 deficit represents 12.4% of GDP, down from the 2020 deficit, which was 15% of GDP ...