This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. The Congressional Budget Office says that ...

The federal budget deficit reached $1.1 trillion in the first six months of fiscal 2023, the Congressional Budget Office (CBO) estimated in a report released Monday. The estimate is $430 billion ...

The federal government will run out of cash to pay all its bills sometime between July and September unless the statutory debt limit is lifted, the Congressional Budget Office warned Wednesday. The ...

The Congressional Budget Office says that the federal budget deficit will again hit $3 trillion this year, $745 billion more than its estimate five months ago, as it takes into account the cost of ...

FILE - In this Aug. 3, 2020, file photo dark clouds and heavy rain sweep over the U.S. Capitol in Washington. The Congressional Budget Office says the federal budget deficit will again hit $3 trillion ...

The Congressional Budget Office says that the federal budget deficit will again hit $3 trillion this year, $745 billion more than its estimate five months ago, as it takes into account the cost of ...