Federal Budget Deficit

Federal budget deficit first six months of 2010

The federal budget deficit for the first six months of fiscal year 2010 was less than the first six months last year. However, that improvement was due to the reduction of spending for the bank bailout and related programs, according to the Congressional Budget Office (CBO).

Federal budget deficit in 2010 may be higher than 2009

The federal budget deficit for 2010 is estimated at around $1.38 trillion. This is close to the 2009 level, however, many expect that planned additional spending by Congress will result in the federal budget deficit being even higher.

Healthcare reform and federal deficit - Congressional Budget Office viewpoint

The healthcare reforms as enacted would reduce the federal deficit in the next ten years, according to the Director of the Congressional Budget Office (CBO).

Recent Federal Budget Deficit News

Federal budget deficit highest since 1945 - CBO

The Congressional Budget Office (CBO) estimates that the federal budget deficit was equal to 9.9 percent of gross domestic product (GDP) in fiscal yea

CBO increases deficit estimate for 2009

The lower revenues estimate comes from the CBO's expectation of a longer and deeper recession.