Budget deficit hits $1 trillion in first five months of fiscal year: CBO

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.

The GDP is only growing because of the federal deficit: How much of a problem is that?

Key Takeaways The U.S. economy is increasingly propped up by federal deficit spending, which, by one estimate, effectively ...
AOL

Federal deficit totaled $1 trillion in beginning of FY2026, CBO says

(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 ...

‘No, we didn’t’: DOGE staffer admits Elon Musk’s cost-cutting agency failed to reduce the federal deficit

In its early days, the Elon Musk-led Department of Government Efficiency (DOGE) bragged it could cut up to $2 trillion from ...
Yahoo

'The deficit stars have aligned': State, federal cuts hit as county costs outpace revenue

Add Yahoo as a preferred source to see more of our stories on Google. Kern County is looking at a $14 million budget deficit in the coming fiscal year as local costs continue to outpace revenue amid ...

Balanced budget amendment fails to advance in House

The House failed to pass a measure that would propose amending the Constitution to require the federal government to have a ...
American Enterprise Institute

On the Federal Deficit, Picking the Low-Hanging Fruit Won’t Be Enough

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 ...