Federal budget deficit grows $92B to nearly $2T even as Trump tariffs increase revenue

The CBO said the federal deficit hit $2 trillion in the first 11 months of FY2025, driven by higher Social Security and Medicare costs as well as interest expenses despite tariffs. Read More

Report: U.S. racked up $2 trillion deficit over past 11 months

A new report from the Congressional Budget Office estimates that the federal budget deficit reached $2 trillion over the past 11 months, painting a dire picture of the U.S.’s fiscal health. Since ... Read More

The U.S. Government Is Spending Way More Than It’s Making

In the fiscal year thus far, the United States has racked up a deficit of $1.973 trillion. That figure is $76 billion higher than it was at the same time last year, and, according to Bloomberg, is ... Read More

Federal budget deficit balloons more than expected to $345B in August

The U.S. federal government spent $345.0B more than it spent in August, according to the Treasury Department's monthly statement released on Thursday. Read More

Track the rapid rise in the US national debt and see how much taxpayers (you) owe

The United States' national debt is on track to double over the next three decades amid a rush of spending by the White House and Congress. Read More

U.S. Budget Deficit Surges, Exceeding Forecasts

The U.S. Monthly Budget Statement revealed a deficit of $345 billion, significantly higher than the previous month’s deficit of $291 billion. This ... Read More

Trump's Tariffs Could Reduce US Deficit by $4 Trillion, CBO Estimates

WASHINGTON (Reuters) -President Donald Trump's increased tariffs on U.S. imports from foreign countries could reduce the national deficit by $4 trillion over the next decade, the Congressional Budget ... Read More