The Congressional Budget Office (CBO) projected on Friday that the federal budget deficit would hit $1.9 trillion in fiscal ...

Read about the CBO's projections regarding the country's budget and economy for 2025 and for the 10 years that follow.

At the same time, revenues are projected to hit $5.2 trillion this year, reaching 17.1 percent of the nation’s GDP. The figure is estimated to rise 1.1 percent by 2027 and see an overall 0.1 ...

The national debt continues to rise at a breakneck pace, with Americans bearing a greater and greater debt burden.

The Congressional Budget Office's most recent report delivered a grim outlook for federal finances, noting that public debt ...