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

Donald Trump's claim that he cut the federal budget deficit by 27% in one year is false, as there are no credible sources to ...

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 ...

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

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

The sweeping legislation, which passed in July, renewed the 2017 tax cuts for individuals and granted additional tax breaks, ...

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

US president says ‘massive’ fraud has caused budget imbalance, but calculations do not support this.

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 ...

A recent study from the Pentagon’s favorite consulting firm found that raising taxes — particularly on corporations — could ...

The U.S. government spent $173 billion more than it collected in revenues in November. But as bad as that sounds and is, it is nevertheless better than the $193 billion deficit posted in October and ...