Focus
budget deficit
US Budget Deficit Inches Closer to $1 Trillion in 1st 5 Months of Fiscal Year
The national debt presently stands close to $34.5 trillion.
US Budget Deficit Widens 16 Percent as Interest Costs Surge: Treasury
Federal shortfall reaches $532 billion as spending and receipts are both up.
Budget Deficit Projected to Soar 60 Percent to $2.6 Trillion by 2034: CBO
National debt will account for 172 percent of the economy by 2054.
Yellen: Balanced Budget Unnecessary to Create Fiscal Sustainability
President Joe Biden’s economic policies will help the United States be more fiscally responsible.
US Treasury Issues More Government Debt to Manage Budget Deficit
Treasury officials say massive borrowing will subside over the next several quarters.
San Francisco’s Looming Budget Deficit Could Exceed $1.3 Billion
“We’re in a tough spot. It gets worse should we take no corrective action in the coming years,” said Anna Duning, budget director for the mayor’s office.
Debt Commission Progress ‘Positive Step’ Toward Tackling $34 Trillion National Debt
‘We are all in this boat together. The boat is sinking’
US Government Runs 1st-Quarter Budget Deficit of $510 Billion
Interest payments are one of the top budget items for the federal government.
US National Debt Tops $34 Trillion, Marking a ‘Depressing Achievement’ in 2023
The US government added $2.65 trillion to the national debt in 2023.
California Schools, Colleges Faces $19 Billion Budget Deficit: Report
Analysts found that the overall budget deficit could more than double—from $30 billion for fiscal 2022–23 to about $68 billion for 2024–25.
US Posts $314 Billion Budget Deficit in November as Spending Surges 17 Percent
The U.S. government is already $381 billion in the hole in fiscal year 2024.
‘Last Mile’ in Returning Inflation to Fed’s 2 Percent Target Won’t Be Difficult: Janet Yellen
The U.S. government still on a sustainable fiscal path, Treasury Secretary says.
Unpaid Parking Citations Amount to Nearly Half of San Francisco’s Half-Billion Dollar Budget Deficit
Many citations are given for parking meter violations, and higher fines are issued for blocking fire hydrants, red zones, and bus lanes.
US Government Records Higher-Than-Expected Budget Deficit to Kick Off Fiscal Year 2024
Delayed tax payments from California and other states prevent larger October budget deficit.
