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 ...

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 ...

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 ...

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 ...

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 ...