America’s federal budget deficit effectively doubled over the year to $2 trillion, a surprising jump given the strength of the economy. The deficit is the gap between how much the government ...

United States President Donald Trump has proposed a $163 billion cut to federal spending next year, which would eliminate more than a fifth of the non-military spending excluding mandatory programs.

The U.S. federal budget deficit is expected to nearly double this year, growing to $2 trillion as a result of higher interest rates and lower tax revenue.

Six Nobel laureate economists say GOP-backed "big beautiful bill" will hurt millions of Americans and weaken the U.S. economy ...

President-elect Donald Trump has floated establishing a “Department of Government Efficiency” to make steep cuts to the U.S. federal budget and appointing allies billionaire Elon Musk and ...

Yet again, the federal government spent far more than it collected in revenue, racking up a budget deficit of $1.8 trillion for fiscal year 2024, according to the Congressional Budget Office.

US federal budget deficit ends FY24 at $1.8T, up $138B Oct. 19, 2024 11:13 AM ET MAGA , DEMZ , ACVF , YALL , GOP , NANC By: SA News Team 29 Comments Play ( 3min ) ...

Take our quiz and test your own understanding of the trends and proportions behind the U.S. federal budget. Check Yourself The Post partnered with Gapminder, a Swedish nonprofit, to survey 600 ...

The U.S. federal government spent $380.0B more than it earned in August, ... That brings the government's fiscal year-to-date budget deficit to $1.90T, up 24% from the same period a year ago.