news report
Federal Deficit Reached $1.4 Trillion Through June, CBO Estimates
Revenues rose 4% in the first nine months of fiscal 2026, but a 3% increase in outlays left the cumulative deficit $35 billion above the prior-year period.
topics
Federal spending
news report
Federal Deficit Reached $1.8 Trillion Through July, CBO Estimates
The shortfall for the first 10 months of fiscal 2026 was $169 billion larger than a year earlier as outlays grew faster than revenues.
news report
GAO Counts 277 Open Recommendations for Congress
Fifty-three open matters could produce financial benefits, GAO says, including 13 with at least $1 billion in potential savings each.
news report
GAO Finds Open Federal Efficiency Actions Could Save $100 Billion
The watchdog’s 16-year scorecard credits past congressional and agency action with $774.3 billion in benefits while tracking 610 unfinished items.
news report
USAspending Data Gaps Persist Across $7 Trillion in Federal Outlays
GAO says other-transaction agreements are reported inconsistently and subaward records still have completeness and accuracy problems.