The Latest Breaking News from Deficit

President Joe Biden’s upcoming budget proposal aims to cut deficits by nearly $3 trillion over the next decade

UBS has upgraded its GDP growth forecast for the country to 5.4% for 2023 and 5.2% for 2024

WASHINGTON — President Joe Biden on Tuesday said he’ll propose increasing taxes on some upper-income business owners and expanding prescription drug cost controls enacted in last year’s budget reconciliation package as a means of lowering federal deficits and extending Medicare’s solvency.

California has experienced significant population loss in recent years — but is a decline in residents to blame for the state’s budget deficit?

Plan would increase taxes on some upper-income business owners to reduce federal deficits, extend Medicare's solvency.

WASHINGTON — Congressional Budget Office Director Phillip L. Swagel will brief House members Wednesday on the agency’s budget and economic outlook as lawmakers consider whether to adjust spending levels in conjunction with lifting the debt limit.

Congressional Budget Office Director Phillip L. Swagel will brief House members Wednesday on the agency’s budget and economic outlook.

Chelsea will be looking to overturn their Champions League deficit against Borussia Dortmund and have welcomed back three key men including wing-back Reece James

PHILADELPHIA — President Joe Biden is heading to Philadelphia Thursday to unveil his latest budget proposal and plans to protect Medicare, according to the White House.