The U.S. budget deficit fell 2% to $1.78 trillion for fiscal 2025, as record tariff revenue offset declining corporate tax receipts. Tariffs generated $195 billion amid President Donald Trump’s trade ...

The U.S. government recorded a $1.8 trillion budget deficit for fiscal 2025, just $8 billion smaller than the previous year, the Congressional Budget Office said. Revenue rose 6% while spending ...

California's deficit is projected to reach nearly $18 billion next year, as spending is expected to offset, if not eclipse, strong tax revenues.

The Trump administration's tariff experiment is finally producing numbers big enough to match the rhetoric. The headline ...

Revenues, expenditures, structural deficits, oh my! Pennsylvania’s Independent Fiscal Office released an updated fiscal outlook for the state, based around the new budget passed on November 12th. When ...

The US kicked off the 2026 fiscal year with a $284 billion budget deficit last month, underscoring the Trump administration’s challenge in attempting to dramatically shrink federal borrowing needs in ...