Discover how the U.S. federal budget works, its role in government spending, and its historical evolution, including details ...

In Then and Now: A Look Back and Ahead at the Federal Budget (NBER Working Paper 34455), Alan J. Auerbach and William Gale develop fiscal projections that incorporate the recently enacted One Big ...

US federal budget deficits will be nearly $1 trillion higher over the next decade than projected in January by the Congressional Budget Office as a result of tax and spending legislation and tariffs, ...

The U.S. federal budget deficit ballooned to $1.97T so far this fiscal year, while tariffs have driven customs duties revenues to a record $165.2B in that period. Fiscal year 2025 is on track to ...

WASHINGTON — U.S. federal budget deficits will be nearly $1 trillion higher over the next decade than projected in January by the Congressional Budget Office as a result of tax and spending ...

Kristalina Georgieva said a breakdown of trust sparked a ‘reboot of the global trading system’ but the global economy will avoid a recession. A critical vulnerability program did get continued ...

The U.S. federal budget deficit hit $1.8 trillion in the fiscal year ending on Sept. 30, the Congressional Budget Office (CBO) reported Wednesday. Moreover, President Donald Trump’s sweeping tariffs ...

Discover key arguments for and against a balanced federal budget, exploring potential impacts on national debt, taxpayers, and future economic stability.

The U.S. federal government spent $345.0B more than it received in August, according to the Treasury Department's monthly statement released on Thursday. That brings the fiscal year-to-date deficit to ...

The U.S. federal budget shortfall stood at $1.81T in fiscal-year 2025, the nonpartisan Congressional Budget Office estimated in its monthly budget review released on Monday, narrowing 4% from the ...

The decision was expected after federal funding for public media was eliminated last year. The efforts of India’s prime minister to juice consumer spending and bolster the economy are showing signs of ...