Tariff income won’t come close to balancing the federal fisc.

Trump and his cohort have proposed huge cuts to the National Institutes of Health, including a whopping 38% cut for The ...

Editorial | A cancer breakthrough in North Texas, but how many more will we get?

Chicago Public Schools officials will hold the first of five community budget feedback sessions Monday evening as the district works to close a $700 million deficit.

A second shift relevant to the budget deficit is the administration’s focus on the trade deficit, which, definitionally, occurs when a country consumes more than it produces.

Republicans' sweeping policy bill would increase the deficit by $2.4 trillion over the next decade, the nonpartisan Congressional Budget Office said.

The CBO released an assessment of Trump's tariffs on Wednesday showing that those higher taxes on imports would reduce the budget deficit by about $2.8 trillion over the next decade.

The vast majority of Americans are worried about the U.S. budget deficit, according to a new poll. It comes as Congress is working to pass a spending bill.

According to the mayor’s office, the original $33 million deficit — about 3% of last year’s general fund budget — has already been reduced by half.

The nonpartisan Congressional Budget Office concluded that the GOP legislation would add $3.8 trillion to upcoming budget deficits, and a variety of other assessments have come to similar conclusions.

President Trump’s “big, beautiful bill” would add $2.4 trillion to the nation’s deficit over roughly the next decade, a new cost estimate from the Congressional Budget Office (CBO) shows.

Revenue raised by President Trump's tariffs could reduce federal deficits by $2.8 trillion over the next decade, according to a new forecast from the non-partisan Congressional Budget Office.