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 federal government borrowed $1.6 trillion over the past year – March 2025 to February 2026 – based on estimates from 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.

I recently went to the doctor about a minor health issue. “Is what I’m experiencing normal?” I asked her. “No, it’s never normal,” she said, “but it happens to almost everybody.” I thought: That ...

The Congressional Budget Office projects worsening federal deficits and rising debt over the next decade, driven by increased ...

WASHINGTON -- The United States' deficit for the current fiscal year is increasing at a lower rate compared to the prior year, with the federal government ending January with a nearly $697 billion gap ...

In a new projection from the nonpartisan Congressional Budget Office, the federal budget deficit - the gap between government revenue vs. spending - will be $1.9 trillion for the 2024 fiscal year. The ...

Roughly a third of the revenue boom resulted from Trump’s unprecedented, near-universal tariffs on imports. Yet more than half of the revenue increase came from rising wages and realized capital gains ...

Discover how the U.S. national debt affects your finances and what to know about government borrowing and debt limits.

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 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 Security, Medicare, ...