Federal budget deficit reached $1 trillion in five months through February 2026 as tax revenue jumped $206 billion due to higher income tax and tariff collections, CBO data shows.

The United States federal budget deficit totaled $1 trillion in the first five months of fiscal year 2026, according to the ...

WASHINGTON -- The United States' deficit for the current fiscal year is increasing at a lower rate compared to the prior year, with the federal government ending January with a nearly $697 billion gap ...

The budget deficit narrowed in February at a slower pace than the previous month as US tariff revenue started to slow from ...

A general view as day breaks over the U.S. Capitol in Washington, D.C., U.S., November 18, 2025. REUTERS/Jonathan Ernst WASHINGTON, Feb 11 (Reuters) - The U.S. government posted a $95 billion budget ...

The House failed to pass a measure that would propose amending the Constitution to require the federal government to have a balanced budget, a measure offered by conservatives to address the ...

The state of Iowa’s spending is once again expected to exceed its revenue by about $1 billion in the next fiscal year as revenue declines due to state and federal tax cuts.