The federal budget deficit came to an estimated $2.0 trillion in the first 11 months of the 2026 fiscal year, according to ...

The CBO's monthly update shows the federal budget deficit on track to hit $2.1 trillion as national debt interest costs surge 14% year over year.

Over the past 12 months, total revenue was $5.4 trillion compared to $5.2 trillion over the same period prior. Spending was $7.2 trillion over the past 12 months compared to $7.1 trillion in the same ...

Treasury Secretary Scott Bessent said the Trump administration would try to plan to lower the federal budget deficit through Congress by the end of this year if Democrats are able to flip either ...

In Focus delivers deeper coverage of the political, cultural, and ideological issues shaping America. Published daily by senior writers and experts, these in-depth pieces go beyond the headlines to ...

As the chart below demonstrates, federal spending is rising faster than federal receipts on a trailing 12-month basis, which is leading to a widening of the federal deficit. What this indicates is ...