Since Donald Trump returned to the White House in January, the federal deficit has declined by $516 billion on a trailing-12-month basis. Spending is basically flat, but revenue is up a remarkable 8.5 ...

Good news! The federal budget deficit shrank in November. Bad news! Uncle Sam still ran a significant budget shortfall ...

The U.S. federal government spent $173.0B more than it earned in November, less than the $186.5B deficit expected and $284.0B ...

The modest deficit progress of the past year shows that Washington is capable of improvement when emergency spending expires, ...

The Congressional Budget Office estimated Wednesday that the federal budget deficit for fiscal 2025 was $1.8 trillion as interest payments crossed $1 trillion for the first time. That $1.8 trillion ...

The drivers of the improvement are largely outside the government’s control. Meanwhile, total debt is projected to exceed $1 ...

The national conversation around fiscal policy is heating up as economic experts weigh in on President Donald Trump’s approach to government spending and taxation. Ed Yardeni, President of Yardeni ...

Roughly a third of the revenue boom resulted from Trump’s unprecedented, near-universal tariffs on imports. Yet more than half of the revenue increase came from rising wages and realized capital gains ...

The U.S. federal deficit remains historically high, but recent fiscal swings have not significantly disrupted economic growth or inflation trends. Since 2009, the Federal Reserve's shift to a quantity ...

Learn why state governments can't run fiscal deficits like the federal government, focusing on balanced-budget laws and their ...

President Donald Trump's "big beautiful" tax-and-spending bill, which he signed into law on July 4, is forecast to increase federal deficits by at least $3.4 trillion over the next decade, according ...