News

Federal deficit projected to soar to $92B this year: 'Unfair to pass these burdens on,' C.D. Howe Institute says
The Carney government is poised to post a massive deficit of more than $92 billion during this fiscal year, a new report from ...
Why some economists say the deficit increase in Trump’s bill is dangerous
The CBO says it would add $3.4 trillion to the deficit over the next decade. For decades, fiscal hawks have warned about the ...
Senate's Tax Bill Will Add $270 Billion to the Deficit Next Year, Despite Gimmicks
The House-passed version of the One Big Beautiful Bill Act was fiscally irresponsible. The Senate has made the bill worse.
Committee for a Responsible Federal Budget4d
12-Month Rolling Deficit is $1.9 Trillion in June 2025
The federal government borrowed $1.9 trillion over the past year – July 2024 to June 2025 – based on estimates from the ...
Just The News3d
Congressional Budget Office estimates federal spending is up $144 billion in first half of 2025
The office also estimated that the federal budget deficit for the first nine months of the 2025 fiscal year, which began in October, is $1.3 trillion. The number is $65 billion more than it was for ...
‘America's Deficit Reckoning': How the U.S. debt spiral could spark a crisis
CNBC interviewed a dozen experts, investors and former government officials to explore the consequences of America’s fiscal ...
Trump's mega tax and spending law will have small economic impact, forecasters say
President Trump's 'big beautiful bill' will provide a boost to the economy in the near term but just a tiny bump over the ...
Another fiscal year, another structural deficit for the city of Orange
The City Council fell short of passing a balanced general fund budget, something they said they would do, but closed the deficit gap.