deficit, Congressional Budget Office

Federal budget deficit hits record $1.1T in first 5 months of fiscal year
New data from the Treasury Department shows the federal deficit is $318 billion larger in the first five months of fiscal year 2025 compared with the last fiscal year.
Taming the federal budget deficit will require tough decisions
The amount of money the government is taking in is outstripped by federal outlays. Fixing this won't be easy, especially in this political environment, Jon Talton writes.
US deficit sets record with $1.1 trillion in first five months of fiscal year 2025
The new numbers, released Wednesday, showed the deficit between October 2024, and February 2025. The deficit for February alone was $307 billion.
US October-February budget deficit hits record $1.147 trillion
The U.S. budget deficit for the first five months of fiscal 2025 hit a record $1.147 trillion, the Treasury Department said on Wednesday, including a $307 billion February deficit for President Donald Trump's first full month in office that was up 4% from a year earlier.
U.S. budget deficit soars past $1.1T as spending outpaces revenue
WASHINGTON >> The U.S. budget deficit for the first five months of fiscal 2025 hit a record $1.147 trillion, the Treasury Department said today, including a $307 billion February deficit for President Donald Trump’s first full month in office that was up 4% from a year earlier.
Government deficit rose 4% in Trump’s first full month in office, despite DOGE. UBS says the U.S. is slashing confidence, not spending
While the government did cut its outlays in February, the budget deficit for the month more than doubled compared to January ...
Trump’s Tariffs Are Aimed at a Trade Deficit Driven by Popular Goods
Trump wants to reduce the $1.2 trillion trade deficit, so he’s putting tariffs on popular imported goods from smartphones to ...
Indonesia keeps 2025 budget deficit forecast unchanged despite tax revenues slump
Indonesia's government is maintaining its forecast that the budget deficit will be 2.53% of GDP this year despite a 30% ...
Green Bay school district faces at least $10M budget deficit in 2026-27. What comes next?
Superintendent Vicki Bayer told the board Monday evening the district likely faces a $10 million to $12 million deficit. What ...
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Fiscal 2025 Budget Deficit Tops $1 Trillion
The federal government ran yet another massive budget deficit in February, pushing the total budget shortfall to over $1 ...
AC Transit to raise fares for first time since 2020 amid budget deficit
In order to help fill an estimated $238 million, four-year budget gap, Alameda-Contra Costa Transit is hiking bus fares for ...
High spending pushes Russia's budget deficit to $31.5 bln in Jan-Feb
Soaring government spending pushed Russia's budget deficit to 2.70 trillion roubles ($31.45 billion) in the first two months ...
RIPTA says it would need to lay off nearly 300 employees without budget deficit fix
The Rhode Island Public Transit Authority said it will need to reduce its workforce by nearly 300 employees if the agency is ...
DOGE Gives the Deficit Hawks Cover as the Debt Keeps Rising
But the effect of the agreement is to continue federal spending at the same exaggerated level that has recently prompted ...