The U.S. surplus amounted to a little more than $27 billion, a stark contrast to the $316 billion deficit in May. This ...

Sky News understands that there are considerations under way in government to change a little-known Treasury document - which ...

The CBO says it would add $3.4 trillion to the deficit over the next decade. For decades, fiscal hawks have warned about the ...

Budget Explained: What is fiscal deficit? Why is it important to control it? As India awaits the Union Budget for 2025-26, it's an apt time to explore key terms associated with this highly anticipated ...

The federal budget deficit is back in the spotlight after the Republican-controlled Congress approved a massive tax and ...

The federal budget deficit exceeded an estimated $1.8 trillion in fiscal year 2024, the CBO reported. Budget watchdogs are warning that the U.S. needs to act to rein in budget deficits.

Modern Deficit Spending Since 1970, the federal government has run deficits during every fiscal year for all but four years, from 1998 to 2001.

Cutting the public deficit to 7% of GDP this year is out of question, there is no way to achieve this – Romania's prime minister Ilie Bolojan said in a press conference on July 11, adding that his ...

Conservative deficit hawks in Congress are on an island as House Republicans barrel ahead this week with the “ big, beautiful bill ” to advance President Donald Trump’s domestic agenda that ...

The federal deficit clocked in at $1.8 trillion for fiscal 2024, according to the Congressional Budget Office.

Still, the surplus was not nearly large enough to cover the deficit so far this fiscal year, which dipped to $1.05 trillion in April - a 13% increase over the fiscal-year-to-date deficit recorded ...

The United States’ current and recurring fiscal deficit of 6% to 7% of gross domestic product is the highest of any country in the Organization for Economic Cooperation and Development.