Federal budget deficit reached $1 trillion in five months through February 2026 as tax revenue jumped $206 billion due to higher income tax and tariff collections, CBO data shows.

WASHINGTON -- The United States' deficit for the current fiscal year is increasing at a lower rate compared to the prior year, with the federal government ending January with a nearly $697 billion gap ...

The budget deficit narrowed in February at a slower pace than the previous month as US tariff revenue started to slow from ...

A general view as day breaks over the U.S. Capitol in Washington, D.C., U.S., November 18, 2025. REUTERS/Jonathan Ernst WASHINGTON, Feb 11 (Reuters) - The U.S. government posted a $95 billion budget ...

(The Center Square) – Quietly tucked inside Republicans’ funding deal to end the government shutdown is a provision wiping the congressional Pay-As-You-Go (PAYGO) scorecard, effectively forgiving ...

The House failed to pass a measure that would propose amending the Constitution to require the federal government to have a balanced budget, a measure offered by conservatives to address the ...