U.S. federal budget deficits will be nearly $1 trillion higher over the next decade than projected in January by the ...

Importantly, the CRFB Adjusted August 2025 Baseline does not incorporate the dynamic effects from OBBBA nor other changes to ...

WASHINGTON (AP) — The U.S. budget deficit in July climbed 20% this fiscal year compared to the last despite the U.S. taking in record income from President Donald Trump ’s tariffs, according ...

Even as Trump talks about America becoming rich because of his import tax hikes, federal spending keeps outpacing the revenues collected by the U.S. government.

In June, the Congressional Budget Office estimated that President Donald Trump’s sweeping tariff plan would cut deficits by $2.8 trillion over a 10-year period while shrinking the economy ...

In January 2020, the CBO estimated that gross federal debt would not surpass $37 trillion until after fiscal year 2030.

WASHINGTON (AP) — Despite the U.S. taking in record income from President Donald Trump's tariffs in July — with a 273% increase in customs revenues (or $21 billion) from this time last year ...

Customs and Border Protection balances the need to keep legitimate traffic flowing smoothly while intercepting the bad stuff ...