Elon Musk's cost-cutting efforts at the Department of Government Efficiency have yet to reduce the federal deficit overall; it more than doubled month on month in February to over $1.1 trillion for FY ...

We're continuing to track the big tax and spending bill winding its way through Congress, which would add $2.4 trillion to the U.S. government deficit over 10 years, according to the nonpartisan ...

WASHINGTON -- The United States' deficit hit $1.3 trillion in the first half of the fiscal year with the federal government on track to reach its $1.9 trillion projection by fiscal year's end. The ...

The federal government ran a $345 billion deficit for the month of August, according to a monthly report from the U.S. Treasury Thursday. The figure exceeded expectations, as economists had forecast a ...

The U.S. government's fiscal strength is deteriorating as the trend of larger budget deficits and mounting debt continues, Moody's Ratings said in a report released Tuesday. Moody's said that ...

Learn how fiscal policies like government spending and tax changes impact budget deficits. Understand their influence on economic stability and growth.

Bridgewater Associates founder Ray Dalio said on a recent podcast that the U.S. could be headed towards a future "economic heart attack" without government action. He told Bloomberg’s "Odd Lots" ...

In the world’s biggest bond market, investors are pushing back against President Donald Trump’s tax-cut plan. On Wednesday, they drove yields on benchmark 30-year Treasuries to as high as 5.1%, ...