The estimate comes from the nonpartisan Congressional Budget Office, which President Trump and Republicans have attacked.

WASHINGTON (AP) — President Donald Trump’s tax and spending law will add $3.4 trillion to federal deficits through 2034, the ...

The Congressional Budget Office has released its final score of Donald Trump’s “big, beautiful bill”—and it’s bad.

The U.S. budget deficit hit a record $3.1 trillion in the recently concluded 2020 budget year, the nonpartisan Congressional Budget Office projected Thursday. “Relative to the size of the ...

The federal government is on pace to run a $1.9 trillion budget deficit in FY2024, which would rank as the third-largest after even larger deficits were incurred in recent years.

The Congressional Budget Office projected that the federal deficit is expected to reach nearly $2 trillion this year in a newly released update to 10-year budget estimates.

The federal budget deficit widened by $89 billion in the first three months of FY24 compared to the same period last year, with rising interest costs outpacing higher tax revenue.

President Trump’s new spending bill will increase federal deficits, adding to a debt load that’s already grown more than 50% ...

President Biden on Friday touted recent figures showing the federal budget deficit fell by $1.4 trillion in fiscal 2022 from the prior year’s levels as Democrats work to fend off Republican ...

The U.S. government ran a budget deficit of $3.1 trillion in the fiscal year that ended in September in order to pay for the largest fiscal response to an economic crisis since the Great ...

The Federal Government ran a $1.8T budget deficit for the fiscal year, with a $560B deficit in the last quarter alone.

The amount of money the government is taking in is outstripped by federal outlays. Fixing this won't be easy, especially in this political environment, Jon Talton writes.