The United States borrowed $601 billion in the first three months of Fiscal Year (FY) 2026, including $143 billion in December, according to the latest ...

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 ...

Federal deficits are expected to swell to higher levels over the next decade than previously expected, the nonpartisan Congressional Budget Office said in a new report Wednesday. The CBO also said ...

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 ...

The costs were higher because of a larger budget burden, the CBO said, as well as "higher long‐term interest rates and an ...

The legislation President Donald Trump celebrated as a "big, beautiful bill" has now collided with fiscal reality. Instead of ...

A Republican bill that would change the Patient Protection and Affordable Care Act’s definition of full-time employees would increase the federal deficit and reduce the number of people with ...

The Congressional Budget Office (CBO) slashed its estimate of tariff revenues this week, dampening the projected deficit reduction by $1 trillion compared to what was previously thought. This downward ...

The Congressional Budget Office has released new economic projections, expecting the Federal Reserve to cut short-term rates ...

In looking back to the dawn of this century, the first thing we can notice is our national myopia. We survived Y2k and the ...

(The Center Square) – The Congressional Budget Office slashed its tariff revenue forecast to reflect new data on the highest import duties the U.S. has seen in nearly a century. The CBO, which ...