America’s federal budget deficit effectively doubled over the year to $2 trillion, a surprising jump given the strength of the economy. The deficit is the gap between how much the government ...

The federal budget deficit is expected to balloon to about $2 trillion for fiscal year 2023, roughly double what it was in the previous fiscal year, according to a government watchdog group.

The Congressional Budget Office reported that the federal budget deficit through August grew by about $600 billion, compared to a year ago, as spending increased and tax revenue declined.

The Federal Government ran a $1.8T budget deficit for the fiscal ... 5 Quarterly Receipts. The chart below shows how expenses are spread across lots of services and have reached a new equilibrium ...

WASHINGTON — The federal budget deficit fell to $1.4 trillion for the 2022 fiscal year, from $2.8 trillion a year ago, a reduction driven primarily by the winding down of pandemic emergency ...

Federal budget deficit hits record $1.1T in first 5 months of fiscal year ... On the revenue side, total tax receipts were up $37 billion, or 2%, in the first five months of fiscal year 2025.

The Senate bill includes $4.5 trillion of net tax cuts, $1.4 trillion of gross spending cuts, and $0.3 trillion of gross ...

Year-to-date receipts came in at $1.596 trillion, up 1% or $11 billion from the same period a year earlier, while outlays totaled $2.436 trillion, up 15% or $319 billion from the prior year period.

The U.S. federal budget deficit surged during the first quarter of fiscal 2025, climbing nearly 40% higher than last year. The Treasury Department reported a shortfall of over $80 billion for ...

The federal budget sank further into red ink during December, leaving the first fiscal quarter deficit nearly 40% higher than it was the prior year. For the final calendar month of 2024, the ...