The government fiscal year closes at the end of September, but this analysis will look at the calendar year budget.

Two decades after a GOP vice president declared that deficits don’t matter, Trump and his party are going all out to test ...

The United States Treasury confirmed Wednesday that the federal budget deficit for May hit $316 billion, placing it among the top three largest monthly gaps ever recorded. This comes right after ...

The Obama budget, if approved by Congress, would leave the U.S. government with a budget deficit of $1.6 trillion. The United States was running a budget surplus at the end of the Clinton ...

The federal budget deficit has surged to an all-time high of $1.42 trillion as the recession caused tax revenues to plunge while the government was spending massive amounts to stabilize the U.S. ...

The Committee for a Responsible Federal Budget, a nonprofit that advocates for reducing the deficit, estimates that the bill will add about $3 trillion to the deficit once interest costs are ...

The deficit for the 2009 budget year, which ended on Sept. 30, set an all-time record in dollar terms of $1.42 trillion. That was $958 billion above the 2008 deficit, the previous record holder.

Using estimates from the Congressional Budget Office (CBO), the authors calculate that increasing TFP by 0.5 percentage points each year for the next decade would reduce the federal budget deficit ...

The Congressional Budget Office projected that the House GOP tax bill – dubbed the "One Big Beautiful Bill Act" – would add $2.77 trillion to deficits over ten years.