The US Treasury reported a $293B budget deficit in May 2026, pushing the fiscal year-to-date shortfall to $1.2 trillion with ...

The federal government borrowed $1.7 trillion over the past year – June 2025 to May 2026 – based on estimates from the Congressional Budget Office (CBO). CBO estimates that the May 2026 deficit was ...

The U.S. is projected to run a budget deficit of at least $2 trillion in fiscal year 2026, according to Treasury Department ...

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 ...

U. S. Treasury Secretary Scott Bessent pledged in two congressional hearings this week to cut the federal deficit to 3% of ...

The U.S. economy is increasingly propped up by federal deficit spending, which, by one estimate, effectively adds about $15,000 per household to the economy each year. Federal deficit spending became ...

CNBC's Megan Cassella reports on news from the U.S. Treasury. Got a confidential news tip? We want to hear from you. Sign up ...

The Treasury secretary keeps repeating one number. The government's own scorekeeper just showed why it keeps slipping out of ...

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 Security, Medicare, ...

Looking at the average monthly deficit, January and February were both worse than average, whereas March was slightly better. The latest quarter was slightly better than last Q2 and also better than ...