Federal budget deficit reached $1 trillion in five months through February 2026 as tax revenue jumped $206 billion due to higher income tax and tariff collections, CBO data shows.

A budget watchdog has sounded the alarm, warning that this would not be sustainable.

The federal government borrowed $1.6 trillion over the past year – March 2025 to February 2026 – based on estimates from the ...

The Congressional Budget Office expects the U.S. federal deficit to rise more over the coming years than previously expected, a release by the agency showed Wednesday.

The U.S. Federal Budget Balance has been released, revealing a larger deficit than anticipated. The actual figure for the budget balance came in at -$308.0 billion, indicating a significant shortfall ...

The United States borrowed $1.0 trillion in the first five months of Fiscal Year (FY) 2026, including $308 billion in February, according to the latest ...

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 ...

If you look closely, you can see some progress on cutting federal spending. At least that’s the conclusion of the respected Kim Strassel, writing recently in the Wall Street Journal before the ...

Debt held by the public will balloon to more than $56 trillion by 2036 as annual deficits continue to mount, according to the latest projections from the Congressional Budget Office. By later this ...

Add Yahoo as a preferred source to see more of our stories on Google. Kern County is looking at a $14 million budget deficit in the coming fiscal year as local costs continue to outpace revenue amid ...