The U.S. budget deficit surged past the $1 trillion mark in February, less than six months into fiscal year 2025. As of Feb.

(Bloomberg) -- The US government’s budget deficit hit its highest since the Covid pandemic years in 2024, propelled by increased debt interest costs and higher Social Security and defense ...

Investing legend Warren Buffett is issuing a warning, saying that the fiscal situation in the US is inching closer to a point of no return.

WASHINGTON (AP) — The U.S. budget deficit has grown to more than $1.3 trillion in the first half of the 2025 fiscal year — the second highest six-month deficit on record, according to Treasury ...

The Commerce Department report also showed the United States ... The annual report takes on increased significance this year because of Trump’s conviction that the deficit shows the U.S. is ...