These extra days add up to an additional week every five to six years. The Internal Revenue Service (IRS) defines a fiscal year as "12 consecutive months ending on the last day of any month except ...

As President Donald Trump begins his second term in the White House, the country faces several key fiscal policy deadlines this year, including the debt limit and expiring tax cuts.

The numbers: The U.S. federal budget deficit widened to a record $711 billion in the first three months of the fiscal year, up from $510 billion in the same period last year, an increase of 39% ...