In a new projection from the nonpartisan Congressional Budget Office, the federal budget deficit - the gap between government revenue vs. spending - will be $1.9 trillion for the 2024 fiscal year. The ...
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Interest payments eclipsed $1 trillion as federal deficit hit $1.8 trillion in fiscal 2025, CBO says
The Congressional Budget Office estimated Wednesday that the federal budget deficit for fiscal 2025 was $1.8 trillion as interest payments crossed $1 trillion for the first time. That $1.8 trillion ...
The U.S. budget deficit in July climbed 20% this fiscal year compared to the last despite the U.S. taking in record income from President Donald Trump’s tariffs, according to Treasury Department data ...
Discover key arguments for and against a balanced federal budget, exploring potential impacts on national debt, taxpayers, and future economic stability.
The U.S. federal deficit remains historically high, but recent fiscal swings have not significantly disrupted economic growth or inflation trends. Since 2009, the Federal Reserve's shift to a quantity ...
The U.S. federal budget deficit hit $1.8 trillion in the fiscal year ending on Sept. 30, the Congressional Budget Office (CBO) reported Wednesday. Moreover, President Donald Trump’s sweeping tariffs ...
Russian federal budget deficit expected to be within targeted 2.6% of GDP in 2025 - finance minister
MOSCOW. Dec 30 (Interfax) - Russia's federal budget deficit will be within the bounds of the targeted 2.6% of GDP in 2025, Finance Minister Anton Siluanov said in an interview with Rossiya 24.
A combination of savings and higher tax takes have delivered an $8.4 billion improvement to the federal budget's bottom line, the mid-year update is expected to show when it is released on Wednesday.
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