The federal government's budget deficit has grown by more than $300 billion in the first five months of fiscal year 2025, according to the latest data. The Treasury Department's latest monthly ...

Elon Musk's cost-cutting efforts at the Department of Government Efficiency have yet to reduce the federal deficit overall; it more than doubled month on month in February to over $1.1 trillion for FY ...

Spending exceeded receipts even though the government was closed all of last month.

The U.S. government's fiscal strength is deteriorating as the trend of larger budget deficits and mounting debt continues, Moody's Ratings said in a report released Tuesday. Moody's said that ...

We're continuing to track the big tax and spending bill winding its way through Congress, which would add $2.4 trillion to the U.S. government deficit over 10 years, according to the nonpartisan ...

U.S. government bonds, or Treasuries, are the primary way the federal government borrows money and one of the world’s most widely traded financial instruments. America’s rising deficit and potential ...

WASHINGTON -- The United States' deficit hit $1.3 trillion in the first half of the fiscal year with the federal government on track to reach its $1.9 trillion projection by fiscal year's end. The ...

The federal government ran a $345 billion deficit for the month of August, according to a monthly report from the U.S. Treasury Thursday. The figure exceeded expectations, as economists had forecast a ...

In the world’s biggest bond market, investors are pushing back against President Donald Trump’s tax-cut plan. On Wednesday, they drove yields on benchmark 30-year Treasuries to as high as 5.1%, ...

The twin deficits hypothesis has long been central to macroeconomic debates, positing that a government’s chronic fiscal deficit may generate or exacerbate a current account deficit. This ...