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.

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

Add Yahoo as a preferred source to see more of our stories on Google. US House Speaker Mike Johnson (C) addresses members of parliament in Westminster, standing between Lord McFall (L), Speaker of the ...

The United States government entered a partial shutdown on Saturday after Congress failed to pass the 2026 federal budget before the midnight deadline, triggering a temporary lapse in funding for ...

02:14 PM: The House voted 217 to 214 end the partial government shutdown and fund major parts of the government. Once signed by President Trump, this closes the four-day partial shutdown, but funding ...