The U.S. budget deficit surged past the $1 trillion mark in February, less than six months into fiscal year 2025. As of Feb. 28, the federal government spent nearly $1.15 trillion more than it had ...

The Congressional Budget Office's long-term budget outlook shows deficits widening in the years ahead, driven primarily by ...

WASHINGTON (AP) — The U.S. budget deficit has grown to more than $1.3 trillion in the first half of the 2025 fiscal year — the second highest six-month deficit on record, according to Treasury ...