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.

By David Lawder WASHINGTON, March 11 (Reuters) - The U.S. budget deficit for February was nearly flat with a year earlier at ...

The budget deficit narrowed in February at a slower pace than the previous month as US tariff revenue started to slow from the peak rate hit late last year.

The U.S. budget deficit will grow slightly in fiscal 2026 to $1.853 trillion, the Congressional Budget Office forecast on Wednesday, showing that on balance, President Donald Trump's economic policies ...

A general view as day breaks over the U.S. Capitol in Washington, D.C., U.S., November 18, 2025. REUTERS/Jonathan Ernst WASHINGTON, Feb 11 (Reuters) - The U.S. budget deficit will grow slightly in ...

The Congressional Budget Office expects the U.S. federal deficit to rise more over the coming years than previously expected, a release by the agency showed Wednesday.

The United States could potentially eliminate a massive portion of its budget deficit by changing how it values its gold ...