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US Budget Deficit Hit $1.8 Trillion In 2025, CBO Reports
The U.S. federal budget deficit hit $1.8 trillion in the fiscal year ending on Sept. 30, the Congressional Budget Office (CBO) reported Wednesday. Moreover, President Donald Trump’s sweeping tariffs ... Read More
US budget deficit dips in fiscal 2025 on boost from tariffs, education spending cuts
The U.S. budget deficit shrank by $41 billion to $1.775 trillion in the 2025 fiscal year as an increase in revenue from President Donald Trump's tariffs and cuts to education spending helped offset ... Read More
CBO reports $1.8 trillion federal deficit as debt costs hit record $1 trillion
The Congressional Budget Office (CBO) on Wednesday released data showing the federal government ran a $1.8 trillion budget deficit in fiscal year 2025 amid mounting interest costs on the nearly $38 ... Read More
National debt crosses $38 trillion for first time in history
The new milestone comes amid a government shutdown and was reflected in the Treasury Department’s daily updates to the national debt. Read More
US Budget Deficit Held Steady at $1.8 Trillion in 2025: CBO
The Congressional Budget Office estimates that the U.S. government’s budget deficit for fiscal year 2025 totaled $1.8 trillion, just $8 billion less than the shortfall for the prior year. If not for ... Read More
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