New estimates from the Congressional Budget Office show continuing fiscal strain, despite steady economic growth.

Yet again, the federal government spent far more than it collected in revenue, racking up a budget deficit of $1.8 trillion ...

The federal government posted a $1.8 trillion budget deficit during the fiscal year that ended on September 30, despite an increase in tax revenue, thanks to higher spending and the rapid growth ...

A council has been accused of "financial incompetence" after it confirmed it faced a £88m budget deficit over the next five ...

The deficit totaled $1.8 trillion in FY2024, marking the second year in a row that deficits have totaled close to $2 trillion ...

France’s new government has unveiled its 2025 belt-tightening budget bill, with plans for major tax hikes and spending cuts ...

The federal budget deficit swelled to $1.8 trillion in the fiscal year that ended in September, an enormous sum that significantly increases the national debt as Washington barrels toward a ...

Italy’s far-right government has approved a budget for next year of about 30 billion euros, or $33 billion, which officials ...

Italy's far-right government approved a 30 billion euro budget for 2025 to fund public services, including health care, by ...

France’s far-right National Rally outlined a fiscal wish list for next year that includes taxing superdividends and share ...

The New Zealand government reported a larger-than-expected budget deficit for the 2023-24 year as lower growth hurt ...

New Zealand’s annual budget deficit widened more than forecast as high inflation increased the cost of government services ...