The Folsom Fire Department may be closing a fire station to solve the city's multi-million-dollar budget deficit.

The CBO says it would add $3.4 trillion to the deficit over the next decade. For decades, fiscal hawks have warned about the ...

President Donald Trump signed a sweeping tax and spending bill into law during a July 4 picnic at the White House, touting it ...

The U.S. budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside of the COVID era, as interest on the federal debt exceeded $1 trillion for the first time and spending grew for ...

The U.S. tax and spending bill passed on July 3 is expected to add more than $3 trillion to the country’s deficit over the ...

Moody’s Ratings decision last week to lower the US credit rating to Aa1 from ... the move comes with the federal budget deficit running near US$ 2 trillion a year — or more than 6% of gross ...

Bond investors have been in a panic this week about the deficit. The GOP tax bill could add trillions to the US budget deficit in the next 10 years. Here's why bond markets are dismayed by that ...

The US budget deficit was slashed in half during fiscal year 2022, a record $1.4 trillion drop driven by the winding down of massive pandemic-related spending and a jump in revenues for the ...

The US federal budget gap widened to a record $840 billion for the first third of the fiscal year, propelled by spending increases in areas including health, Social Security, transfers to veterans ...

The US budget deficit ballooned to nearly $1 trillion for the 2019 fiscal year, according to data released by the Treasury Department on Friday, the biggest gap since 2012 – despite President ...

The US budget deficit hit $234 billion in the month of February, up 8.7% compared to the same month last year. The February budget deficit was also the highest one-month deficit on record, ...