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Fiscal Year: What It Is and Advantages Over Calendar Year
a fiscal year can start and end in any month. For instance, the U.S. federal government operates on a fiscal year that begins on Oct. 1 and ends on Sept. 30, while many retail businesses prefer a ...
US budget deficit surges past $1 trillion less than halfway through the fiscal year — how this can reflect on your finances
The U.S. budget deficit surged past the $1 trillion mark in February, less than six months into fiscal year 2025. According ...
CBO sees US deficits rising over 30 years, economic growth slowing
The U.S. Congressional Budget Office on Thursday projected significant increases in federal budget deficits and debt over the ...
Army Times on MSN7d
With FY2025 spending settled, lawmakers shift focus to FY2026 budget
Congress returns to Capitol Hill this week with a budget plan in place for the rest of fiscal 2025 but uncertainty over when ...
Explainer: What US social spending programs could be hit in Trump tax cuts?
President Donald Trump's Republicans are trying to pass a tax cut extension that would reduce federal revenue by about $4.5 trillion over the next decade, while cutting about $2 trillion in spending ...