US trade deficit hits record high ahead of Trump tariffs
The U.S. trade deficit soared to a record $140.5 billion in March as consumers and businesses alike tried to get ahead of President Donald Trump's latest and...
US October-February budget deficit hits record $1.147 trillion
The U.S. budget deficit for the first five months of fiscal 2025 hit a record $1.147 trillion, the Treasury Department said on Wednesday, including a...
CBO estimates $1.8 trillion US deficit for fiscal 2024
WASHINGTON, Oct 8 (Reuters) - The Congressional Budget Office estimated on Tuesday a U.S. federal deficit of $1.834 trillion for fiscal 2024, the highest in...
As U.S. deficit accelerates, Washington is unlikely to slam on the breaks
As the U.S. deficit increases, politicians in Washington are unlikely to make a serious effort to get spending under control, experts said. The Congressional Budget...