The agency delivered only a fraction of its promised savings, and is being blamed as the country's budgetary issues grow.

The CBO's monthly update shows the federal budget deficit on track to hit $2.1 trillion as national debt interest costs surge 14% year over year.

The U.S. budget deficit totaled $432.3 billion in July, the highest since March 2021. In addition to the single-month move, the year-to-date total for the government's fiscal year has now surpassed ...

The Senate Budget Committee released its fiscal year (FY) 2027 budget resolution earlier this month. Most significantly, the ...

Donald Trump stands before a backdrop of stock market charts and the iconic bull and bear, illustrating his active involvement in the financial markets discussed in ...

In the last few years, economists and policymakers around the world have been seduced by the fantasy that budget deficits are harmless as long as interest rates remain low. The outsized budget ...

Feb. 11 (UPI) --The nation's debt and federal deficit likely will become unsustainable and worsen by trillions of dollars over the next 10 years, the Congressional Budget Office reported on Wednesday.

This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. The University of Oregon is one of four flagship universities to recently announce major ...

Sumter school district grapples with a $10 million budget shortfall for 2026 due to lower revenue and higher expenses.

Temple University President John Fry warned of "inevitable" workforce reductions as the institution grapples with an $85 million projected deficit next year. This financial crisis is largely driven by ...

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