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.

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.

Governor Mikie Sherrill says spending cuts will be needed to prevent a growing deficit that could wipe out state reserves within two years. Trenton, NJ – New Jersey could face a structural budget ...

KANSAS CITY, Mo. — State Auditor Scott Fitzpatrick has issued a warning about Missouri’s financial health. Auditor Fitzpatrick is urging lawmakers to take immediate action to curb the trend of deficit ...

If you look closely, you can see some progress on cutting federal spending. At least that’s the conclusion of the respected Kim Strassel, writing recently in the Wall Street Journal before the ...

A last-minute jump in healthcare figures turned what was nearly a balanced budget into a $1 million problem for the Palmerton Area School District. Assistant Superintendent for Finance and Facilities ...