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

The US budget deficit shrank to $1.67 trillion for the 2025 calendar year, the smallest in three years, thanks mainly to a ...

Revenue deficit is a key indicator of the governments fiscal health. A high revenue deficit suggests that the government is borrowing not to invest, but to fund routine consumption.

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 ...

California's deficit is projected to reach nearly $18 billion next year, as spending is expected to offset, if not eclipse, strong tax revenues.

Last year the country ran a budget deficit of 2.92 percent, the largest in two decades outside of the COVID-19 pandemic.

In its initial assessment of the governor's 2026-27 state budget this week, the Legislative Analyst's Office chided Gov.