The estimated $1.8 trillion deficit for the year is $81 billion lower than CBO projected in June. The annual total was also affected by calendar-driven shifts in the timing of some payments.

The 11-month deficit roughly matches the Congressional Budget Office's estimate of a $1.9 trillion gap for all of fiscal 2024 with one month to go before the Sept. 30 end of the fiscal year.

The U.S. national debt broke a new record after crossing the $36 trillion mark for the first time as the federal government's mounting budget deficits cause the debt to surge.

WASHINGTON (AP) — The U.S. budget deficit has grown to more than $1.3 trillion in the first half of the 2025 fiscal year — the second highest six-month deficit on record, according to Treasury ...

US deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark The deficit came despite record receipts of $4.9 trillion, which fell well short of outlays of $6.75 trillion ...

WASHINGTON (AP) — The U.S. budget deficit has grown to more than $1.3 trillion in the first half of the 2025 fiscal year — the second highest six-month deficit on record, according to Treasury ...

The U.S. national debt broke a new record after crossing the $36 trillion mark for the first time as the federal government's mounting budget deficits cause the debt to surge.

The U.S. budget deficit has grown to more than $1.3 trillion in the first half of the 2025 fiscal year — the second highest six-month deficit on record, according to Treasury Department data released ...

WASHINGTON (AP) — The U.S. budget deficit has grown to more than $1.3 trillion in the first half of the 2025 fiscal year — the second highest six-month deficit on record, according to Treasury ...