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

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

In July 2024, the government targeted to close FY25 with the fiscal deficit at 4.9 per cent of the country’s GDP, slightly lower than the 5.1 per cent goal set in Interim Budget. It aims to contain ...

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

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 ...

As of January 2025, the CBO projected that the federal government will run a $1.9 trillion deficit in fiscal year 2025 — the same amount as the fiscal year 2024 deficit.

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 Indian government will target a narrower fiscal deficit of 4.4% of gross domestic product for fiscal year 2025-26, down from a revised 4.8% for the current year, Finance Minister Nirmala ...