President Donald Trump’s first year of his second, nonconsecutive term brought all sorts of changes. His administration shuttered the United States Agency for International Development, had the ...

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 ...

Zooming out and looking over the history of the budget back to 2016 shows a more complete picture. The change since Covid is quite dramatic. In 2019, the deficit was $1.02T. In 2025, it was $1.66T.

By David Lawder WASHINGTON, Jan 13 (Reuters) - The U.S. government posted a $145 billion budget deficit for December, up 67% or $58 billion from a year earlier due to record outlays that were inflated ...

Prior to the passage of the One Big Beautiful Bill, Trump’s “growth” math stood a chance of closing the gap. Now it’s much ...

The federal budget deficit has topped $1 trillion for a fourth straight year, according to NBC News and wire services. But a modest improvement in economic growth helped narrow the gap by $207 billion ...

President Donald Trump has repeatedly framed his sweeping tariffs as a kind of magic bullet for America's finances, promising they would shrink the trade gap and help wipe out Washington's red ink.

The House GOP's largest caucus released a plan for a second "big, beautiful bill" on Tuesday morning, which the group says could cut the federal deficit by over $1 trillion. Republican Study Committee ...

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

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 ...