The federal budget deficit topped $1 trillion in the first five months of fiscal year 2026, as the U.S. government is on pace to record another massive deficit. The nonpartisan Congressional Budget ...

As the debt approaches record levels as a share of the economy, the United States government continues to run the highest ...

(The Center Square) - The United States federal budget deficit totaled $1 trillion in the first five months of fiscal year 2026, according to the Congressional Budget Office. The latest federal ...

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 ...

The federal government is projected to post a $2 trillion deficit in fiscal year 2026, double the 3% of GDP target that has ...

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, ...

President Trump said he would balance the federal budget "overnight." In reality, debt is now approaching the highest level in U.S. history.

District leaders are putting together the budget for next school year, which officials thought would feature a $529 million deficit but recently predicted could be much more.