Federal budget deficit reached $1 trillion in five months through February 2026 as tax revenue jumped $206 billion due to higher income tax and tariff collections, CBO data shows.

For the fiscal year to date, the deficit totaled $1.004 trillion, about 12% lower than the comparable period in 2025.

Forbes contributors publish independent expert analyses and insights. Ashley L. Case, J.D., LL.M., writes about tax and estate planning. Nov 30, 2024, 08:17pm EST Nov 30, 2024, 08:27pm EST Choosing a ...

West Virginia ended the last fiscal year with a healthy budget surplus and started the new fiscal year with a decent cushion. State officials made announcements about both fiscal milemarkers on Friday ...

At the dawn of a new fiscal year for the U.S. government, there is little to celebrate from the year that just ended. There’s also plenty to do in the year ahead, from reaching agreement on 2025 ...

The popular computer maker laid off approximately 11,000 employees in that time as artificial intelligence puts more tech ...

Smith County’s Fiscal Year 2027 budget process is set. The commissioners court on Tuesday unanimously approved the new budget ...

A fiscal year is the 12 months that a company designates as a year for financial and tax reporting purposes. This year can differ from the traditional calendar year, and it varies for each corporation ...

The budget for the new fiscal year for the city of Charleston is now finalized after weeks of reviewing the data.It was not a ...

Dartmouth Libraries must cut a minimum of half the total amount in the 2027 fiscal year and the remaining amount in the 2028 fiscal year, according to the email.