The charts below are based on information from the Congressional Budget Office, which does nonpartisan analysis for Congress.
The 12-month rolling deficit – or the amount the federal government has borrowed over the past year – totaled $2.1 trillion, based on estimates from ...
It’s vital for Congress to pair pro-growth tax cuts with pro-growth spending reforms. The federal budget itself needs a ...
The charts and tables below give an in-depth review of the Federal Budget, showing where the money is coming from, where it is going to, and the surplus or deficit. The government fiscal year ...
Even if those tax breaks are allowed to lapse at year’s end, the federal budget deficit will still climb to $2.7 trillion in a decade, according to the CBO’s latest outlook, released Friday.
According to the new projections, the federal budget deficit, which amounted to $1.8 trillion, or 6.4% of GDP in fiscal 2024, should rise to $1.9 trillion this year, hover between $1.7 trillion ...