Discover how the U.S. federal budget works, its role in government spending, and its historical evolution, including details ...

WASHINGTON, Oct 16 (Reuters) - The U.S. budget deficit shrank by $41 billion to $1.775 trillion in the 2025 fiscal year as an increase in revenue from President Donald Trump's tariffs and cuts to ...

WASHINGTON, Oct 26 (Reuters) - As Republican and Democratic lawmakers trade blame for the U.S. government shutdown, some have begun to worry that the impasse is ceding their authority over federal ...

The Congressional Budget Office estimates that the U.S. government’s budget deficit for fiscal year 2025 totaled $1.8 trillion, just $8 billion less than the shortfall for the prior year. If not for ...