New estimates from the Congressional Budget Office show continuing fiscal strain, despite steady economic growth.
"We expect the federal government to run large fiscal deficits that average around 7% of GDP per year over the next five ...
The US government’s budget deficit hit its highest since the Covid pandemic years in 2024, propelled by increased debt ...
The United States on Friday reported a budget deficit of $1.8 trillion for the past year, widening from 2023's level on greater spending, including for interest on the public debt.
The federal government ended its fiscal year last month with an annual budget deficit of $1.8T, up $138B from the year before ...
This year marks the third-highest US deficit behind 2021 and 2020, according to the Treasury. In the 2020 budget year, the ...
The Treasury Department announced that the federal budget deficit rose to $1.8 trillion for fiscal 2024, which ended in ...