The federal government is expected to generate $4.9 trillion in revenue in fiscal year 2024 but incur $6.5 trillion in outlays in the same time period, resulting in a projected budget deficit
MoreThe federal government reported receipts amounting to $1.1 trillion in the first quarter of fiscal year 2024 and outlays amounting to $1.6 trillion, resulting in a budget deficit total of $509 billion.
MoreThe Department of the Treasury and the Office of Management and Budget reported that the deficit rose by $320 billion, or 23 percent, to $1.7 trillion in fiscal year 2023 and that
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The Congressional Budget Office forecasts the U.S. budget deficit to reach $544 billion in fiscal 2016, about $105 billion more than fiscal 2015’s shortfall, Bloomberg reported Wednesday. Andrew Mayeda writes CBO said in a budget and economic outlook report
MoreThe Congressional Budget Office has published an infographic report that indicates the $439 billion U.S. budget shortfall the agency recorded for fiscal 2015 was the government’s smallest deficit since fiscal 2007. CBO said Wednesday federal debt held
MoreKeith Hall, director of the Congressional Budget Office, has sent a letter to Senate Budget Committee Chairman Mike Enzi to discuss the results of a study on the potential budgetary effects of the proposed Restoring Americans’ Healthcare Freedom
MoreA report by the Congressional Budget Office estimates that the U.S. budget deficit totaled $528 billion in the first 11 months of fiscal 2015, down $61 billion compared with the prior-year period’s shortfall.
MoreA Congressional Budget Office report shows that the U.S. budget deficit reached $314 billion during the first nine months of the federal government’s 2015 fiscal year, down $52 billion from the prior-year
MoreThe Congressional Budget Office forecasts the U.S. annual budget deficit to reach $486 billion, $18 billion higher than the agency’s shortfall projection in January. CBO adjusted its federal debt estimate for fiscal
MorePresident Barack Obama late last week signed two key pieces of legislation that detail the Defense Department’s budget for fiscal year 2014 and the federal government’s budget for fiscal years 2014 and
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