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.

For the fiscal year to date, the deficit totaled $1.004 trillion, about 12% lower than the comparable period in 2025.

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

Panics about the rising US deficit have stirred up bond vigilantes before. An economist thinks concerns about military ...

U.S. national debt hits historic $39 trillion milestone, growing from $38 trillion in five months as deficits surge and experts warn of unsustainable pace.

Albany Mayor Dorcey Applyrs says the city will be cutting back on expenses to address a $15M deficit from fiscal year (FY) ...

Hartford Public Schools are facing an unprecedented nearly $70 million deficit this upcoming school year, as city leaders scramble to figure out how to overcome mounting costs and the dwindling ...

Roughly a third of the revenue boom resulted from Trump’s unprecedented, near-universal tariffs on imports. Yet more than half of the revenue increase came from rising wages and realized capital gains ...

KANSAS CITY, Mo. — State Auditor Scott Fitzpatrick has issued a warning about Missouri’s financial health. Auditor Fitzpatrick is urging lawmakers to take immediate action to curb the trend of deficit ...

After Eugene School District 4J identified $30M in cuts to address its deficit, a recalculation found the shortfall may be even more dire.