The president aims to cut federal jobs and health spending, while extending tax breaks and boosting military outlays.

The Nova Scotia government's projected $1.24-billion deficit and its plans to reduce it have become a topic of debate following the release of the province's budget for the 2026-27 fiscal year.

While the federal deficit has started to shrink under President Trump, his plans could make the long-term situation worse.

Federal workforce shrinks 12% as President Donald Trump's efficiency push takes effect, data shows, with thousands of government employees having left since September 2024. Social Security benefits ...

GDP growth in the U.S. relies on federal deficit spending, raising concerns about rising debt, inflation, and long-term economic risks.

The US budget deficit was already on shaky ground before the Iran war, and reports that Pentagon will seek an additional ...

The Congressional Budget Office's latest forecasts are out on the U.S. government's deficit situation - and they don't look very good. An ever-widening U.S. budget deficit over the next 10 years will ...

The nonpartisan Congressional Budget Office's 10-year outlook projects worsening long-term federal deficits and rising debt, driven largely by increased spending, notably on Social Security, Medicare, ...

Panics about the rising US deficit have stirred up bond vigilantes before. An economist thinks concerns about military ...