The 1.2% increase in real wages since Trump took office has translated to a 7% increase in total individual income and ...

The US budget deficit soared in fiscal year 2023, which will likely complicate Congress’ efforts to come to a federal spending deal before government funding runs out next month.

The 2018 deficit was projected to decline from 2017 levels, but that was before the tax bill, emergency disaster bills and increased spending. Hotspots ranked Start the day smarter ☀️ Funniest ...

Federal spending in the first five months of fiscal year 2025 was 13% higher than the prior year, while tax receipts were 2% higher. Spending increased by $356 billion in that period when compared ...

In fact, the 2020 deficit was higher than the combined deficits across all four years of World War II. In 2020, for every $10 in tax revenue that came in, $19 in spending went out. Now, after a ...

America’s deficit is rising sharply and will surpass $1 trillion per year by 2020, a gap that has grown since Congress cut taxes and increased spending, the Congressional Budget Office reported ...

The nonpartisan Congressional Budget Office's latest budget review found the federal deficit more than doubled to $1.6 trillion in the first 10 months of FY2023 compared to a year ago.

For the current budget year, which ends Sept. 30, the administration is now projecting a deficit of $890 billion. That would be up 33.7 percent from last year's deficit of $665.8 billion.

The U.S. budget deficit ballooned in the first nine months of its fiscal year, both because of a sharp increase in government spending and a significant drop in tax revenues.