Deficit

The federal deficit for 2020 was three times the size of last year’s deficit. It was the government’s largest annual shortfall in dollar terms.

We look into how the government borrows money and what it means in the long run.

The Treasury Department last offered a 20-year bond in the 1980s. This spring, it's betting that certain types of investors will want to include them in their portfolios.

John Harwood of CNBC explains why Republicans "support spending cuts in theory" but have a hard time getting there in practice.

This is despite a revenue boost from President Trump’s tariffs on imports.

He came to office promising not to raise taxes, but later compromised to help cut the deficit.

He came to office promising not to raise taxes, but later compromised to help cut the deficit.

He came to office promising not to raise taxes, but later compromised to help cut the deficit.

But what's Europe's definition based on, anyway?

Politicians have been pretty quiet lately about the $800 billion budget deficit. That's about to change.