U.S. budget deficit tops $1 trillion halfway through fiscal year

The U.S. budget deficit has topped $1 trillion halfway through the current fiscal year, driven in part by rising interest payments on the national debt. Read More

A defense budget of $1 trillion is looming. Here’s how to stop it

Stopping a trillion-dollar Pentagon budget requires mass movement to overcome the arms industry’s hold over Congress. Read More

US Budget Deficit Exceeds $1 Trillion Through March

The US budget deficit exceeded $1 trillion in the first six months of the fiscal year ... Joe Biden as he seeks reelection. Last year's deficit expansion came on the back of lower tax revenues ... Read More

Growing Deficit And The Future Of U.S. Fiscal Policy

Tax Analysts' chief economist Martin Sullivan discusses the Congressional Budget Office’s latest economic forecast, new insights on the effects of the Tax Cuts and Jobs Act, and what all this means ... Read More

US first quarter GDP slows more than expected, but inflation keeps rising

Real GDP increased at an annual rate of 1.6% for the January-through-March period after rising 3.4% in the fourth quarter of 2023, according to the BEA's advance estimate released Thursday. Read More

U.S. federal budget shortfall narrows less than expected in March

The U.S. government spent $236.0B more than it ... and -$378.4B a year before, the Treasury Department said on Wednesday. That brings the government's fiscal 2024 year-to-date deficit to $1.06T ... Read More

Investors brace for 5% Treasury yields as US inflation worries mount

As U.S. inflation worries grow, some investors are preparing for the 10-year U.S. Treasury yield to breach a 16-year high of 5% hit last October. Read More

US Budget Gap Hits $1.07 Trillion in First Half of Fiscal Year

(Bloomberg) -- The US budget ... 15 Minutes S&P 500 Hit by Fed-Pivot Rethink and War Jitters: Markets Wrap The deficit for the first half of the 2024 fiscal year reached $1.07 trillion. Read More

How the US Budget Deficit’s Economic Implications Could Trickle Down to You

The United States ... fiscal year, it has a deficit. When it takes in more than it spends, it has a surplus. When it spends the same amount as it takes it, the budget is balanced. The U.S ... Read More

Space Force budget inches upward in tight fiscal year

Credit: U.S. Air Force photo by Eric Dietrich Join our newsletter to get the latest military space news ... well for fiscal year 2025 because the budget cap for defense is lower than fiscal ... Read More

U.S. budget deficit tops $1 trillion halfway through fiscal year

Government spending, on the other hand, fell 18% to $569 billion in March. The annual U.S. budget deficit is forecast to decline slightly to $1.5 trillion in fiscal 2024 from a year earlier ... Read More