Treasury Secretary Steven Mnuchin and Mick Mulvaney, director of the Office of Management and Budget, have issued a joint statement saying the federal budget deficit reached $779B in fiscal 2018, about $113B
MoreA new Congressional Budget Office report says the federal budget deficit in fiscal year 2017 ended Sept. 30 reached $668 billion, approximately $82 billion higher than the shortfall recorded in the previous fiscal year.
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A Congressional Budget Office report predicts the federal budget deficit to hit $590 billion in fiscal year 2016, a figure $56 billion higher than the agencyâs shortfall projection in March and $152 billion up
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The House Armed Services Committeeâs readiness and seapower subcommittees held a joint hearing Thursday to discuss the budget shortfall in the U.S. Navyâs training and maintenance funds, Breaking Defense reported Friday. Sydney
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A U.S. Navy official has said the service branch faces a budget shortfall of $848 million in its maintenance and operations funds that could potentially delay the deployment of some ships, Defense
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A new Congressional Budget Office report forecasts the federal budget deficit to hit $534 billion in fiscal year 2016, about $100 billion higher than the agencyâs shortfall estimates in the previous fiscal year. CBO
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A new Congressional Budget Office report predicts the budget deficit to hit $426 billion, a figure $60 billion lower than the agencyâs most recent shortfall estimates in March and $59 billion down from
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