US Treasury reports record $711 billion budget deficit for first months of 2025
The $711 billion October-December deficit was $201 billion higher than the $510 billion deficit in the same period a year ...
Federal budget deficit expected to soar to $2.7 trillion in 2035, highlighting pressure on GOP
As congressional Republicans struggle to keep deficits in check while extending their sweeping 2017 tax cuts, the ...
New budget projections show US hitting debt record in 4 years: CBO
The nonpartisan Congressional Budget Office released its latest 10-year budget outlook, which projected the U.S. is on track ...
U.S. Faces Record Debt Levels as Republicans Plan Tax Cuts
The new budget forecasts predicted that the United States will record a $1.9 trillion budget deficit this fiscal year and ...
U.S. posts record $711 bln deficit for first three months of fiscal 2025
The U.S. government posted an $87 billion budget deficit in December, reduced partly by a shift of benefit payments into ...
U.S. budget deficit swells to record $711 billion in first quarter of fiscal year
The U.S. federal budget deficit widened to a record $711 billion in the first three months of the fiscal year, up from $510 ...
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With tariffs and trade in the spotlight, what Trump means when he says America is ‘losing’ billions to Canada, others
The lion’s share of the $200 billion was attributed to US defense spending of which Canada directly benefits, and the remainder is from the trade deficit, a Trump-Vance transition official told ...
U.S. budget deficit grows to over $700 billion
Swings in the bond market recently sent the yield on the 10-year Treasury above 4.80% and its highest level since 2023. The ...
GT Voice: Record US fiscal deficit calls for vigilance from developing world
The accelerated expansion of the US fiscal deficit not only plunges US government debt into an increasingly unsustainable ...
US Trade Deficit Widens on Largest Jump in Imports Since 2022
The US trade deficit widened in November, reflecting the biggest jump in imports since March 2022 as companies accelerated ...
CBO Projects U.S. Debt to Surge $23.9T, Excluding Tax Cuts by Trump
The U.S. national debt is projected to surge by $23.9 trillion over the next decade, according to the Congressional Budget ...