The U.S. Treasury Department released the latest Monthly Treasury Statement on Tuesday, Jan. 13, revealing that the federal deficit reached $602 billion so far in the 2026 fiscal year ...

Donald Trump's claim that he cut the federal budget deficit by 27% in one year is false, as there are no credible sources to ...

Zooming out and looking over the history of the budget back to 2016 shows a more complete picture. The change since Covid is ...

Prior to the passage of the One Big Beautiful Bill, Trump’s “growth” math stood a chance of closing the gap. Now it’s much ...

US president says ‘massive’ fraud has caused budget imbalance, but calculations do not support this.

The sweeping legislation, which passed in July, renewed the 2017 tax cuts for individuals and granted additional tax breaks, ...

The federal budget deficit has topped $1 trillion for a fourth straight year, according to NBC News and wire services. But a modest improvement in economic growth helped narrow the gap by $207 billion ...

During October, tax revenue remained robust at $404 billion, suggesting that the impact of October’s 20-year high in layoffs has yet to be felt. Year over year, the federal deficit grew in October by ...

The U.S. government spent $173 billion more than it collected in revenues in November. But as bad as that sounds and is, it is nevertheless better than the $193 billion deficit posted in October and ...

A recent study from the Pentagon’s favorite consulting firm found that raising taxes — particularly on corporations — could ...