U.S. budget deficit surged in July to highest level since March 2021
The U.S. budget deficit soared to its highest monthly level in more than five years amid a surge in Medicare costs and as interest on...
US May trade deficit widens as capital goods imports hit record high
The U.S. trade deficit widened sharply in May as imports of capital goods surged to a record high, suggesting that trade remained a drag on...
US deficit grows to $291 billion in July despite tariff revenue surge
The U.S. government's budget deficit grew nearly 20% in July to $291 billion despite a nearly $21 billion jump in customs duty collections from President...
US budget deficit has widened by $109B from a year ago despite influx of tariff revenue
The U.S. federal government's annual budget deficit has widened by $109 billion so far this fiscal year despite an influx of tariff revenue to the government's coffers....
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...