The U.S. Treasury Department released the latest Monthly Treasury Statement on Tuesday, Jan. 13, revealing that the federal ...

Budget experts say Trump-backed tax cuts in Public Law 119-21 could raise U.S. deficits by $4.1 trillion over 10 years, ...

Zooming out and looking over the history of the budget back to 2016 shows a more complete picture. The change since Covid is ...

The federal budget deficit totaled $1.7 trillion in Calendar Year (CY) 2025, according to estimates from the Congressional Budget Office (CBO). The deficit in CY 2025 is $369 billion less than the ...

In Then and Now: A Look Back and Ahead at the Federal Budget (NBER Working Paper 34455), Alan J. Auerbach and William Gale develop fiscal projections that incorporate the recently enacted One Big ...

Another challenge is that fraud is not easy to root out entirely. Historically, "only a small percentage of tax dollars lost to fraud are ever actually recovered by the government," said Bob ...

House Republicans unveiled a new "big, beautiful bill," which the Republican Study Committee said could cut federal deficit ...

House Republicans unveil comprehensive plan for reconciliation bill that could allegedly cut federal deficit by over $1 ...

"In the financialized U.S. economy, each dollar of deficit spending may flow into a dollar of corporate profit." ...

Discover how the U.S. federal budget works, its role in government spending, and its historical evolution, including details ...