The CBO's monthly update shows the federal budget deficit on track to hit $2.1 trillion as national debt interest costs surge 14% year over year.

The Congressional Budget Office projects federal deficits will rise from $1.9 trillion in fiscal year 2026 to $3.1 trillion ...

The US trade deficit jumped almost 5% in February to $57.3 billion, another notable reading exactly one year after Trump declared trade deficits his top priority on "Liberation Day." The new data ...

The Congressional Budget Office (CBO) reportedly increased its estimate of the U.S. federal budget shortfall by $1.4 trillion for the coming decade, partly because of President Donald Trump's 2025 tax ...

The national debt is about $13 trillion higher than the $25.6 trillion reported in 2020 and is projected to top $61 trillion by 2026, the Congressional Budget Office reported on Wednesday. File Photo ...

In Focus delivers deeper coverage of the political, cultural, and ideological issues shaping America. Published daily by senior writers and experts, these in-depth pieces go beyond the headlines to ...

By David Lawder Aug 12 (Reuters) - The U.S. federal budget deficit for July jumped to $432 billion, a record for the month, ...

This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. The U.S. trade deficit in May surged to its highest level since March last year, reaching ...