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.

The U.S. federal budget deficit ballooned to $1.97T so far this fiscal year, while tariffs have driven customs duties ...

Fiscal Year 2025 will end on September 30, and none of the 12 appropriations bills to fund the government have been signed ...

US deficits may not raise interest rates and how slowing GDP growth could favor dividend stocks. Click here for more market ...

At least 20 of the nation’s 25 largest cities face budget gaps in 2026. As cities lean on reserves and costs outpace revenues ...

House budget chief Lawrence McClure said lawmakers need to look at more cuts to address projected shortfalls in future years.

MPs return to the House of Commons today as Prime Minister Mark Carney has signalled the fall budget's deficit will be bigger ...

The Mexican government is looking to trim its budget deficit next year compared to this year’s expenditures, according to its ...

The federal government says it expects to deal with a 'substantial' deficit as it returns, and plans to put forward proposals for potential changes to criminal laws.