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.

GDP growth in the U.S. relies on federal deficit spending, raising concerns about rising debt, inflation, and long-term economic risks.

The US budget deficit was already on shaky ground before the Iran war, and reports that Pentagon will seek an additional ...

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

With so many competing spending priorities, it’s almost a wonder that Maryland manages to balance its budget each year.

(The Center Square) - The United States federal budget deficit totaled $1 trillion in the first five months of fiscal year 2026, according to the Congressional Budget Office. The latest federal ...

The Guilderland Central School District Board of Education held a special meeting on Tuesday to discuss the upcoming budget.

U.S. Sens. John Barrasso and Cynthia Lummis, both R-Wyo., on Tuesday introduced legislation to rein in out-of-control Washington spending.

Albany Mayor Dorcey Applyrs is warning the city faces a growing fiscal challenge, projecting a $22 million deficit by 2026, ...