New data from the Treasury Department shows the federal deficit is $318 billion larger in the first five months of fiscal ...

The U.S. budget deficit for the first five months of fiscal 2025 hit a record $1.147 trillion, the Treasury Department said ...

The US is nearing its debt ceiling with no clear plan to prevent a default. Political divisions and soaring deficits are ...

The still-expanding deficit poses a potential wrinkle for efforts to extend and expand the 2017 Trump tax cut package.

(Bloomberg) -- The US budget deficit continued to swell in February, pushing the shortfall to $1.15 trillion over the first five months of the fiscal year, with the increasing cost of Medicare and ...

Ratings agency Moody's said on Tuesday that the U.S.' fiscal strength is on track for a continued multi-year decline as ...

The US budget deficit continued to swell in February, pushing the shortfall to $1.15 trillion over the first five months of the fiscal year, with the increasing cost of Medicare and servicing ...

from a year earlier. After calendar adjustments for both receipts and outlays, the adjusted deficit would have been $311 billion, matching the record February reported budget deficit in 2021 ...