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

Donald Trump's claim that he cut the federal budget deficit by 27% in one year is false, as there are no credible sources to ...

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

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

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 sweeping legislation, which passed in July, renewed the 2017 tax cuts for individuals and granted additional tax breaks, ...

US president says ‘massive’ fraud has caused budget imbalance, but calculations do not support this.

The U.S. government spent $173 billion more than it collected in revenues in November. But as bad as that sounds and is, it is nevertheless better than the $193 billion deficit posted in October and ...

A recent study from the Pentagon’s favorite consulting firm found that raising taxes — particularly on corporations — could ...

Lawmakers introduced a bipartisan proposal to cap annual deficits at 3% of GDP, but this resolution would still permit spending beyond annual revenue.

The United States' national debt is on track to double over the next three decades amid a rush of spending by the White House ...