The gap between government revenue and spending has narrowed for four straight months, helped by President Donald Trump’s tariffs and major cuts in spending on education.

The federal deficit will continue to balloon to record levels in the coming years if Congress does not find a way to reduce ...

The federal government has borrowed $1.6 trillion over the past 12 months based on the latest estimates from the ...

The Congressional Budget Office reports that President Donald Trump’s tariffs have partially offset the deficit costs of the ...

The national debt is set to surpass the historical high of 106% of GDP that it reached in 1946 by 2030, according to the CBO.

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 ...

Kern County is looking at a $14 million budget deficit in the coming fiscal year as local costs continue to outpace revenue ...

“Our nation’s deficits, debt, interest payments, and trust funds are all in terrible shape,” says Maya MacGuineas, president ...