The US Treasury reported a $293B budget deficit in May 2026, pushing the fiscal year-to-date shortfall to $1.2 trillion with ...

By David Lawder WASHINGTON, June 10 (Reuters) - The U.S. budget deficit for May fell $23 billion or 7% to $293 billion due ...

In a new projection from the nonpartisan Congressional Budget Office, the federal budget deficit - the gap between government revenue vs. spending - will be $1.9 trillion for the 2024 fiscal year. The ...

U.S. Treasury Secretary Scott Bessent pledged in two congressional hearings this week to cut the federal deficit to 3% of GDP ...

The budget hole was caused by various factors including pension costs; stagnant revenues; and rising employee-related costs.

Stephon Wright says proposed salary increases come as schools face cuts, larger class sizes and potential closures.