By Zolan Kanno-Youngs and Alan Rappeport WASHINGTON — The federal budget deficit fell to $1.4 trillion for the 2022 fiscal year, from $2.8 trillion a year ago, a reduction driven primarily by ...

The deficit projection from the Committee for a Responsible Federal Budget and its tally for fiscal year 2022 do not include President Joe Biden’s federal student debt cancellation plan ...

(There hasn’t been a federal surplus since 2001.) The Congressional Budget Office’s most recent estimate of the 2022 federal budget projects a deficit of about $1.04 trillion. That may sound ...

"The federal budget deficit was $928 billion in the first ... April than they were during the same period in fiscal year 2022," the agency continued. CBO wrote that shifts "in the timing of ...

The federal budget deficit shot up to $1.1 trillion in ... Government spending was 13% higher so far this year compared to 2022, while revenues dropped 3%, the CBO said. Higher interest rates ...

The federal government’s budget deficit widened by roughly $600 billion through the first 11 months of the fiscal year, according to new data released by the Congressional Budget Office (CBO).

The federal budget deficit reached $1.1 trillion in the ... The figure is $73 billion lower than the same period in fiscal 2022. Income and payroll tax receipts fell by 2 percent, or $33 billion ...

A preliminary analysis by the Congressional Budget Office suggests that federal tax receipts fell 9 percent from the 2022 fiscal year, even though the economy grew steadily, a historical anomaly ...

According to data from the Congressional Budget Office, pay and benefits for federal workers in 2022 cost $271 billion, making up only 4.3% of that year’s budget. If those workers were paid ...

Musk’s promise of cutting trillions off of the federal budget has formed an integral ... and engineering staff to run projects funded by 2022’s infrastructure bill. Of civilian federal ...