Federal budget deficit reached $1 trillion in five months through February 2026 as tax revenue jumped $206 billion due to higher income tax and tariff collections, CBO data shows.

Happy New Year. Welcome to 2026. Now that we’re in a new year, the question for state and local leaders is now acutely: How are you going to pay for your priorities? Budget leaders are entering this ...

The Federal Government publishes the spending and revenue numbers on a monthly basis. Looking at the average monthly deficit, both October and December were much larger than average, with November ...