Federal budget deficit reached $1 trillion in five months through February 2026 as tax revenue jumped $206 billion due to higher income tax and tariff collections, CBO data shows.

The United States federal budget deficit totaled $1 trillion in the first five months of fiscal year 2026, according to the ...

The United States' budget deficit reached $1 trillion through the first five months of the current fiscal year as uncertainty about the future of the Trump administration's tariff agenda is set to ...

The budget deficit narrowed in February at a slower pace than the previous month as US tariff revenue started to slow from the peak rate hit late last year.

The state of Iowa’s spending is once again expected to exceed its revenue by about $1 billion in the next fiscal year as revenue declines due to state and federal tax cuts.

Investors are growing uneasy about the potential cost of the Iran war, sending long-term government bonds lower amid concerns over how the conflict will add to pressures on budget deficits.

The Congressional Budget Office expects the U.S. federal deficit to rise more over the coming years than previously expected, a release by the agency showed Wednesday.

Add Yahoo as a preferred source to see more of our stories on Google. Illustration: Kate Guenther / The Center Square (The Center Square) – Quietly tucked inside Republicans’ funding deal to end the ...

The nonpartisan Congressional Budget Office's 10-year outlook projects worsening long-term federal deficits and rising debt, driven largely by increased spending, notably on Social Security, Medicare, ...