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: Congress authorized $15 trillion in 'emergency' deficit spending since 1991

Over the past 35 years, Congress has used emergency funding rules to bypass budget controls and spend a cumulative $15 trillion, a new analysis reveals. That sum, financed almost entirely through ... 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. Deficit is Nearly $2 Trillion Now

No matter how you slice it and dice it, the U.S. government is spending far more than it’s making–and the outcome is a federal budget deficit that's now almost $2 trillion dollars. The monthly ... Read More

U.S. Imports Rose in July Following Months of Trade Turmoil

Trade rebounded slightly after President Trump’s sweeping global tariffs discouraged foreign countries from doing business with the United States, data released Thursday showed. By Ana Swanson ... Read More