The U.S. Treasury Department released the latest Monthly Treasury Statement on Tuesday, Jan. 13, revealing that the federal deficit reached $602 billion so far in the 2026 fiscal year ...

The federal budget deficit totaled $1.7 trillion in Calendar Year (CY) 2025, according to estimates from the Congressional Budget Office (CBO). The deficit in CY 2025 is $369 billion less than the ...

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 ...

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 ...

Since Donald Trump returned to the White House in January, the federal deficit has declined by $516 billion on a trailing-12-month basis. Spending is basically flat, but revenue is up a remarkable 8 ...

Roughly a third of the revenue boom resulted from Trump’s unprecedented, near-universal tariffs on imports. Yet more than half of the revenue increase came from rising wages and realized capital gains ...

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

The Federal Budget Balance, a key indicator of the nation’s financial health, was recently reported. The balance, which ...

The U.S. federal deficit remains historically high, but recent fiscal swings have not significantly disrupted economic growth or inflation trends. Since 2009, the Federal Reserve's shift to a ...

The federal budget deficit was $1.8 trillion in FY 2025, or 6% of GDP. In a note released October 13, JPMorgan chief global ...