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Deficits

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U.S. Posts Record $145 Billion December Deficit as Outlays Hit New High

Treasury says calendar-shift adjustments put the month’s shortfall at $112 billion, showing underlying improvement from 2024.

MYEFO Narrows Deficit to $36.8 Billion as Savings and Revenues Lift Budget

California Faces Nearly $18 Billion Budget Gap for 2026–27, LAO Warns

CBO Puts 2025 U.S. Deficit at $1.8 Trillion as Debt Nears $38 Trillion

Tariffs Drive Record $30 Billion in August Customs Duties as Deficit Nears $2 Trillion