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 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 ...

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 ...

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

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

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

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

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