The federal deficit and national debt are expected to grow by trillions of dollars over the next decade, according to 10-year projections from the nonpartisan Congressional Budget Office (CBO). The ...

The Congressional Budget Office’s latest forecasts are out on the U.S. government’s deficit situation — and they don’t look ...

The Congressional Budget Office expects the U.S. federal deficit to rise more over the coming years than previously expected, a release by the agency showed Wednesday.

CBO projects that the shortfall will deepen in 2026 to $1.853 trillion, slightly more than 2025’s $1.775 trillion deficit. Looking further down the road offers a similarly concerning trajectory. Over ...

As a result of these changes, the projected 2026 deficit is about $100 billion higher, and total deficits from 2026 to 2035 ...

The CBO said that the deficit for fiscal ​2026 will be about ‌5.8% of GDP, about where it was in fiscal ​2025, with a deficit of $1.775 trillion.

The Legislative Analyst’s Office, a nonpartisan government agency, released a critical response Monday to the governor’s budget plans. Newsom’s initial plan calls for $348.9 billion in state spending ...

California legislators are facing a fifth straight budget where spending would outstrip its revenues, amid warnings of multibillion-dollar deficits stretching well into the future unless they ...