The U.S. Treasury Department released the latest Monthly Treasury Statement on Tuesday, Jan. 13, revealing that the federal deficit reached $602 billion so far in the 2026 fiscal year ...

House Republicans unveil comprehensive plan for reconciliation bill that could allegedly cut federal deficit by over $1 ...

The federal budget deficit totaled $1.7 trillion in Calendar Year (CY) 2025, according to estimates from the Congressional Budget Office (CBO). The deficit in CY 2025 is $369 billion less than the ...

In Then and Now: A Look Back and Ahead at the Federal Budget (NBER Working Paper 34455), Alan J. Auerbach and William Gale develop fiscal projections that incorporate the recently enacted One Big ...

Another challenge is that fraud is not easy to root out entirely. Historically, "only a small percentage of tax dollars lost to fraud are ever actually recovered by the government," said Bob ...

Since Donald Trump returned to the White House in January, the federal deficit has declined by $516 billion on a trailing-12-month basis. Spending is basically flat, but revenue is up a remarkable 8.5 ...

Discover how the U.S. federal budget works, its role in government spending, and its historical evolution, including details ...

President Donald Trump's "big beautiful" tax-and-spending bill, which he signed into law on July 4, is forecast to increase federal deficits by at least $3.4 trillion over the next decade, according ...

The national conversation around fiscal policy is heating up as economic experts weigh in on President Donald Trump’s approach to government spending and taxation. Ed Yardeni, President of Yardeni ...