The deficit, explained: What it is, why it’s growing, and how to fix it

In Focus delivers deeper coverage of the political, cultural, and ideological issues shaping America. Published daily by ...

Federal budget deficit on track to surpass $2T this fiscal year as spending outpaces revenue

The CBO's monthly update shows the federal budget deficit on track to hit $2.1 trillion as national debt interest costs surge 14% year over year.
Hosted on MSN

National debt interest and entitlement spending push FY2026 federal budget deficit toward $2 trillion

This year's federal budget deficit is now outpacing last year's as federal spending is growing at a faster rate than tax revenue, pushing the annual shortfall closer to $2 trillion. The nonpartisan ...