Federal budget deficit reached $1 trillion in five months through February 2026 as tax revenue jumped $206 billion due to higher income tax and tariff collections, CBO data shows.

The United States federal budget deficit totaled $1 trillion in the first five months of fiscal year 2026, according to the ...

The Congressional Budget Office expects the U.S. federal deficit to rise more over the coming years than previously expected, a release by the agency showed Wednesday.

If you look closely, you can see some progress on cutting federal spending. At least that’s the conclusion of the respected Kim Strassel, writing recently in the Wall Street Journal before the ...

Come 2030, the annual deficit will be worth roughly 5.9% of GDP, on par with the provisions set aside for health and social ...

WASHINGTON (AP) — The nonpartisan Congressional Budget Office’s 10-year outlook projects worsening long-term federal deficits and rising debt, driven largely by increased spending, notably on Social ...

The U.S. budget deficit will grow slightly in fiscal 2026 to $1.853 trillion, the Congressional Budget Office forecast on Wednesday, showing that on balance, President Donald Trump's economic policies ...

Add Yahoo as a preferred source to see more of our stories on Google. Kern County is looking at a $14 million budget deficit in the coming fiscal year as local costs continue to outpace revenue amid ...

Debt held by the public will balloon to more than $56 trillion by 2036 as annual deficits continue to mount, according to the latest projections from the Congressional Budget Office. By later this ...

"Each year, the federal government spends trillions of dollars on federal programs that support the American people and address policy goals," auditors at the Government Accountability Office (GAO) ...