The federal budget gap narrowed more sharply than forecasters anticipated in November, offering a rare piece of good news in a fiscal landscape still dominated by red ink. The monthly shortfall came ...

Learn why state governments can't run fiscal deficits like the federal government, focusing on balanced-budget laws and their ...

Good news! The federal budget deficit shrank in November. Bad news! Uncle Sam still ran a significant budget shortfall ...

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 ...

Discover key arguments for and against a balanced federal budget, exploring potential impacts on national debt, taxpayers, and future economic stability.

The U.S. federal deficit remains historically high, but recent fiscal swings have not significantly disrupted economic growth or inflation trends. Since 2009, the Federal Reserve's shift to a quantity ...

The U.S. federal budget deficit hit $1.8 trillion in the fiscal year ending on Sept. 30, the Congressional Budget Office (CBO) reported Wednesday. Moreover, President Donald Trump’s sweeping tariffs ...

Maryland lawmakers approved recommendations to cut spending and boost reserves as the state faces a projected $1.2B budget ...

The drivers of the improvement are largely outside the government’s control. Meanwhile, total debt is projected to exceed $1 ...