Over the course of the decade from 2025 to 2034, CBO now projects cumulative deficits of $22.1 trillion, which is $2.1 trillion higher than previously expected because of a combination of policy ...

T en months into the fiscal year, and the U.S. government is running a deficit of $1.52 trillion, with a few hundred billion dollars of additional red ink still expected to be spilled before Sept. 30.

The U.S. budget deficit surged to a record of $1.9 trillion for the first seven months of this budget year, bloated by the billions of dollars being spent in coronavirus relief packages. The ...

The federal budget deficit will be nearly $2 trillion in fiscal 2024, the Congressional Budget Office estimated Wednesday.. The $1.9 trillion figure would be an increase from fiscal 2023’s ...

The CBO data shows that deficits decline slightly to $1.687 trillion, or 5.2% of GDP in fiscal 2027 before gradually rising to $2.637 trillion, or 6.5% of GDP in 2033.

Ten months into the fiscal year, and the U.S. government is running a deficit of $1.52 trillion, with a few hundred billion dollars of additional red ink still expected to be spilled before Sept. 30.

The government ran a $1.9 trillion deficit from October through April, a record for the seven-month period and a 30% increase from a year earlier, the Treasury Department said Wednesday.

The U.S. budget deficit surged to a record of $1.9 trillion for the first seven months of this budget year, bloated by the billions of dollars being spent in coronavirus relief packages. The ...

The U.S. federal budget deficit widened to a record $1.9 trillion in the first seven months of the fiscal year as the government continued to provide support for the pandemic-ravaged economy.