The Congressional Budget Office expects the U.S. federal deficit to rise more over the coming years than previously expected, a release by the agency showed Wednesday.

The U.S. Treasury Department announced how much the federal government has added to its deficit so far this year. According to the department’s latest Monthly Treasury Statement released on Tuesday, ...

The highest nationwide estimate puts U.S. fraud losses at $521 billion. Even if all of that could be recouped, it would amount to less than a third of the 2025 deficit of $1.775 trillion. See the ...

The U.S. budget deficit will grow slightly in fiscal 2026 to $1.853 trillion, the Congressional Budget Office forecast on Wednesday, showing that on balance, President Donald Trump's economic policies ...

Last year, U.S. Treasury Secretary Scott Bessent set a target to cut the U.S. federal budget deficit to just 3% of GDP by the end of President Donald Trump’s second term. The deficit reduction was a ...

U.S. oil production is plateauing near record highs, making a 3 million b/d increase by 2028 increasingly unlikely. The CBO projects rising deficits and debt despite tariff revenues, driven by tax ...