The U.S. budget deficit surged past the $1 trillion mark in February, less than six months into fiscal year 2025.

“The US’s fiscal strength is on course for a continued multiyear decline, driven by widening federal budget deficits, a ...

A House GOP aide told The Post that the “target cuts” for both chambers of Congress will be reconciled — with at least $1.5 ...

The federal government could be unable to pay its bills as soon as August if Congress doesn't act, the Congressional Budget ...

Russell T. Vought, leader of the Office of Management and Budget, aims to marry extreme austerity with his Christian values.

Budget cuts by U.S. President Donald Trump's administration caused cancellations of 20 truckloads of food while en route to ...

The government's ability to borrow using so-called extraordinary measures will probably be exhausted in August or September ...

Weak population gains and higher government spending could hamper growth over the next 30 years, the CBO said Thursday.

The U.S. government will risk defaulting on some of its $36.6 trillion in debt sometime between mid-July and early October ...

The Congressional Budget Office said that the so-called X-date could occur as early as spring if Congress does not lift or ...

Use precise geolocation data. Actively scan device characteristics for identification. Store and/or access information on a ...