Why the Federal Deficit Is Projected to Surge, in Five Charts

America’s debt will be more than 100% of U.S. gross domestic product by later this year, the Congressional Budget Office projects.

Walters: How Newsom’s spending binge created California’s chronic deficit

In the seven budgets Newsom has signed, beginning with 2019-20, and the eighth one he has proposed, revenues have increased ...
The Washington Post

Running deficits larger than during the Great Depression is reckless

The federal budget deficit was roughly 6 percent of gross domestic product for each of the past three fiscal years. During a three-year span of low unemployment, economic expansion, increasing revenue ...

Updated CBO Outlook Still Flags Deepening Deficits And Rising Fiscal Strain

CBO projects that the shortfall will deepen in 2026 to $1.853 trillion, slightly more than 2025’s $1.775 trillion deficit. Looking further down the road offers a similarly concerning trajectory. Over ...
Washington Examiner

Don’t reverse progress on deficits with new spending

The U.S. government spent $173 billion more than it collected in revenues in November. But as bad as that sounds and is, it is nevertheless better than the $193 billion deficit posted in October and ...