Elon Musk's cost-cutting efforts at the Department of Government Efficiency have yet to reduce the federal deficit overall; it more than doubled month on month in February to over $1.1 trillion for FY ...

The federal government's budget deficit has grown by more than $300 billion in the first five months of fiscal year 2025, according to the latest data. The Treasury Department's latest monthly ...

We're continuing to track the big tax and spending bill winding its way through Congress, which would add $2.4 trillion to the U.S. government deficit over 10 years, according to the nonpartisan ...

WASHINGTON -- The United States' deficit hit $1.3 trillion in the first half of the fiscal year with the federal government on track to reach its $1.9 trillion projection by fiscal year's end. The ...

The federal government ran a $345 billion deficit for the month of August, according to a monthly report from the U.S. Treasury Thursday. The figure exceeded expectations, as economists had forecast a ...

In the world’s biggest bond market, investors are pushing back against President Donald Trump’s tax-cut plan. On Wednesday, they drove yields on benchmark 30-year Treasuries to as high as 5.1%, ...