Deficit spending occurs when the federal government spends more than it collects. This means that the federal budget exceeds both the government’s revenues for the year and any surplus it currently ...
The Congressional Budget Office (CBO) on Wednesday released data showing the federal government ran a $1.8 trillion budget deficit in fiscal year 2025 amid mounting interest costs on the nearly $38 ...
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 ...
The U.S. federal government's annual budget deficit has widened by $109 billion so far this fiscal year despite an influx of tariff revenue to the government's coffers. The nonpartisan Congressional ...
The U.S. government posted a higher $284 billion deficit for October in a report delayed and impacted by the recent federal ...
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