The U.S. Treasury Department released the latest Monthly Treasury Statement on Tuesday, Jan. 13, revealing that the federal ...

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

In a new projection from the nonpartisan Congressional Budget Office, the federal budget deficit - the gap between government revenue vs. spending - will be $1.9 trillion for the 2024 fiscal year. The ...

This figure, while still denoting a deficit, is a slight improvement compared to the previous month’s deficit of -$173.0B.

The U.S. fiscal picture is improving, helped by spending cuts in education and stronger tax revenue from tariffs and wage ...

Another challenge is that fraud is not easy to root out entirely. Historically, "only a small percentage of tax dollars lost to fraud are ever actually recovered by the government," said Bob ...

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 ...

The December budget deficit came in at $144.75 billion, a record for the month and 68 percent higher than last year.