US budget deficit dips in fiscal 2025 on boost from tariffs, education spending cuts

The U.S. budget deficit shrank by $41 billion to $1.775 trillion in the 2025 fiscal year as an increase in revenue from ...

CBO reports $1.8 trillion federal deficit as debt costs hit record $1 trillion

The Congressional Budget Office reported a $1.8 trillion federal deficit for fiscal year 2025, driven in part by a record $1 ...
Opinion
Committee for a Responsible Federal BudgetOpinion

Treasury Confirms $1.8 Trillion Deficit in FY 2025

The United States borrowed $1.8 trillion in Fiscal Year (FY) 2025 according to the latest Monthly Treasury Statement from the Treasury Department. This deficit is similar to last year’s, despite an ...
The Northwest Arkansas Democrat-Gazette

US sees slight decrease for deficit in fiscal 2025

The federal government ended fiscal 2025 with a slightly lower deficit than fiscal 2024's total, thanks in part to the Trump administration's embrace of tariffs impacting imported products.

$1.8 trillion deficit revealed during ‘pointless and wasteful government shutdown,’ budget watchdog says

The U.S. is on track to borrow nearly $2 trillion per year for the next decade, the CRBF notes. "How can anyone think this is ...

U.S. runs another huge budget deficit in 2025 — and the national debt hits another record

The U.S. government ran a slightly smaller budget shortfall in the most recent year thanks to higher tariff revenue — but the ...
Opinion
RealClearMarketsOpinion

Falling Inflation Predicts Rising Government Spending and Debt

Total federal debt was $620 billion in 1976. Why 1976? In a recent column, Holman Jenkins referenced Jimmy Carter’s contention in a 1976 debate that “The best way to control inflation is t ...