deficit

The deficit is expected to swell to $960 billion this year and average $1.2 trillion in each of the next 10 years, according to congressional budget forecasters. They also expect the economy to slow.

The federal deficit ballooned to $779 billion in the fiscal year just ended — a remarkable tide of red ink for a country not mired in recession or war.

Even with a healthy job market and rapid economic growth, the federal government is piling up debt. The government's deficit is expected to top $1 trillion next year.

Democratic Sen. Sherrod Brown backed a two-year budget deal that could push federal deficit spending past a trillion dollars by next year. But Brown…

Some have suggested that the speech President Obama gave at George Washington University on Wednesday was more of the sort that many expected last week…

As state governments struggle to balance budgets, they are looking to Washington for some help. Case in point: An Obama Administration proposal to give…