The U.S. Treasury Department released the latest Monthly Treasury Statement on Tuesday, Jan. 13, revealing that the federal ...

Zooming out and looking over the history of the budget back to 2016 shows a more complete picture. The change since Covid is ...

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 ...

This figure, while still denoting a deficit, is a slight improvement compared to the previous month’s deficit of -$173.0B.

Another challenge is that fraud is not easy to root out entirely. Historically, "only a small percentage of tax dollars lost to fraud are ever actually recovered by the government," said Bob ...

The Rules Committee must suggest rule changes to help meet the target, including making budget rules more difficult to waive ...

The December budget deficit came in at $144.75 billion, a record for the month and 68 percent higher than last year.

Defence, infrastructure and housing may be key pillars of the budget. TD Economics would like to see tax and regulatory reform. Deficit may hit $70 billion potentially, depending on size and timing of ...

House Republicans unveil comprehensive plan for reconciliation bill that could allegedly cut federal deficit by over $1 ...

Congressional forecasters are projecting a federal deficit of $2.3 trillion this fiscal year, even without the additional $1.9 trillion in spending that President Biden has proposed. That would mean a ...

As Gov. Gavin Newsom prepares to release his spending plan this Friday, a projected $18 billion deficit awaits. Will he raise taxes or cut spending? Either could spell trouble for Newsom’s legacy.