(The Center Square) - The United States federal budget deficit totaled $1 trillion in the first five months of fiscal year 2026, according to the Congressional Budget Office. The latest federal deficit estimate is $142 billion less than the deficit from ...

WASHINGTON, DC - APRIL 10: U.S. Sen. Jeff Merkley (D-OR) speaks to reporters during a news conference on the impacts of the Republican budget proposal at the U.S. Capitol on April 10, 2025 in Washington, DC. Schumer spoke to reporters about the impacts of ...

WASHINGTON (AP) — The nonpartisan Congressional Budget Office’s 10-year outlook projects worsening long-term federal deficits and rising debt, driven largely by increased spending, notably on Social Security, Medicare, and debt service payments.

U. S. House lawmakers Thursday discussed a proposed framework for reducing federal deficits and slowing the growth of the national debt.

By Bo Erickson and Ryan Patrick Jones WASHINGTON, April 3 (Reuters) - President Donald Trump on Friday requested a 10% cut in non-defense spending for the 2027 fiscal year and a massive $500 billion increase in the military budget,