In Then and Now: A Look Back and Ahead at the Federal Budget (NBER Working Paper 34455), Alan J. Auerbach and William Gale develop fiscal projections that incorporate the recently enacted One Big ...

WASHINGTON -- Despite increasing revenues from tariffs on imported goods, the federal government reported a monthly deficit of $291.1 billion for July, a 19.4% increase from July 2024's monthly ...

The US long-term economic growth trend is still showing signs of a slow, persistent downshift. The increasing federal budget deficit could become a significant headwind for growth in the years ahead.

The federal budget gap narrowed more sharply than forecasters anticipated in November, offering a rare piece of good news in a fiscal landscape still dominated by red ink. The monthly shortfall came ...

The U.S. government spent $173 billion more than it collected in revenues in November. But as bad as that sounds and is, it is nevertheless better than the $193 billion deficit posted in October and ...

The Treasury Department is touting progress in lowering federal spending since President Donald Trump returned to the White House in January. Treasury officials are touting data showing a decline in ...

Harvard reported an operating loss of $113 million — its first budget deficit since 2020 — as its financial footing shakes from disruptions to federal funding, even as the total value of its endowment ...

STOCKBIDGE —"It ain't what you know that gets you into trouble. It's what you know for sure that just ain't so." This quote is often attributed to Mark Twain but, according to the Center for Mark ...

He argued deficit reduction reduces inflationary pressures on the economy. President Joe Biden on Wednesday said that the federal government will pay down the national debt this quarter for the first ...