Learn how budget deficits arise, their economic impact, and discover strategies to reduce them. Gain insights into managing government spending and national debt.

The national debt is rising faster than ever and threatens to undermine confidence in the economy, experts warn.

The Trump administration says government spending is slowing in ways that will help shrink the nation's massive deficit, ...

Despite the challenges, the Trump administration has pointed to its efforts to reduce the national debt. Treasury Secretary ...

The United States borrowed $1.8 trillion in Fiscal Year (FY) 2025 according to the latest Monthly Treasury Statement from the Treasury Department. This deficit is similar to last year’s, despite an ...

The U.S. budget deficit shrank by $41 billion to $1.775 trillion in the 2025 fiscal year as an increase in revenue from ...

As the federal government shutdown drags on, the U.S. national debt has reached a historic milestone — surpassing $38 ...

Mayor Brandon Johnson laid out his proposal on how to close a projected nearly $1.2 billion budget deficit in 2026.