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 ...

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

These terms decide how expensive your home loan will be, how much tax the government can afford to cut, and how much it can ...

The main worry about any set of government finances is whether the budget is balanced or not. In other words, does the government have the money it intends to spend? If not, it means a budget deficit ...

New Orleans city officials are racing to convince state leaders this week to approve a quick cash-infusion and otherwise leave it to the city to manage its fiscal crisis without state intervention, as ...