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With two months left in the fiscal year, the deficit so far for fiscal 2026 totals $1.8 trillion, Treasury Department data showed Aug. 12.
Improving through 2025Q3. But taking out the revenue associated with the illegal IEEPA tariffs, well… Figure 1: Federal budget balance excluding automatic stabilizers (blue), and e...
Federal government debt is over $32 trillion, around the size of the nation’s annual economic output (its gross domestic product, or GDP). Debt levels this high mean US borrowing c...
WASHINGTON — U.S. House Republicans released their latest budget resolution Wednesday, the first step in a long and complicated process that could allow Congress to approve a third...
WASHINGTON — U.S. House Republicans released their latest budget resolution Wednesday, the first step in a long and complicated process that could allow Congress to approve a third...
WASHINGTON — Republicans on the U.S. House Budget Committee approved their budget resolution Thursday, marking one small step forward in the complicated process that could allow th...
WASHINGTON — Republicans on the U.S. House Budget Committee approved their budget resolution Thursday, marking one small step forward in the complicated process that could allow th...
U.S. House Republicans released their latest budget resolution Wednesday, the first step in a long and complicated process that could allow Congress to approve a third party-line b...
WASHINGTON — Republicans on the U.S. House Budget Committee approved their budget resolution Thursday, marking one small step forward in the complicated process that could allow th...
The deficit represents a sharp reversal from the $27 billion surplus in June 2025 that the administration touted as evidence of tariff success.
WASHINGTON — Republicans on the U.S. House Budget Committee approved their budget resolution Thursday, marking one small step forward in the complicated process that could allow th...
by Jack McGeever at CDN - The federal government collected $334 billion in revenues in July while burning through $766 billion, according to Treasury Department figures released W...
The national debt surpassed a record $40 trillion on Wednesday, a staggering milestone as defense costs, social programs like Social Security and Medicare and interest on the burge...
From CBO. Source: CBO. Notes: Solid light purple is FY2024, solid dark purple is FY2025, dashed black is FY2026 estimate for cumulative deficit. As of 2026Q2, we’re nearly a percen...
The national debt surpassed a record $40 trillion as defense costs, social programs like Social Security and Medicare and interest on the deficit make up an enormous share of feder...
Public spending surges despite Donald Trump’s vow to stabilise America’s public finances
The national debt surpassed a record $40 trillion on Wednesday, a staggering milestone as defense costs, social programs like Social Security and Medicare and interest on the burge...
As debt surpasses $40 trillion, the bill for Washington spending comes dueDavid J. LynchSteve ThompsonYear after year, the federal government has spent more than it collected in ta...
The national debt surpassed a record $40 trillion on Wednesday, a staggering milestone as defense costs, social programs like Social Security and Medicare and interest on the burge...
Requests for the next fiscal year are likely to exceed last year's record ¥122 trillion ($767 billion) as the government seeks to cut reliance on supplementary budgets.
WASHINGTON (AP) — The national debt surpassed a record $40 trillion on Wednesday, a staggering milestone as defense costs, social programs like Social Security and Medicare and int...
WASHINGTON — The national debt surpassed a record $40 trillion on Wednesday, a staggering milestone as defense costs, social programs like Social Security and Medicare and interes...
Ten months of red ink already exceed last year's full deficit as Medicare and tariff refunds bite
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