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

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

In a new projection from the nonpartisan Congressional Budget Office, the federal budget deficit - the gap between government revenue vs. spending - will be $1.9 trillion for the 2024 fiscal year. The ...

This figure, while still denoting a deficit, is a slight improvement compared to the previous month’s deficit of -$173.0B.

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 ...

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

The Rules Committee must suggest rule changes to help meet the target, including making budget rules more difficult to waive ...

The December budget deficit came in at $144.75 billion, a record for the month and 68 percent higher than last year.

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

California lawmakers and finance officials on Wednesday talked over how best to resolve a budget deficit totaling billions of ...