The federal government's budget deficit has grown by more than $300 billion in the first five months of fiscal year 2025, according to the latest data. The Treasury Department's latest monthly ...

The Trump-backed budget and spending package making its way through Congress will increase the federal deficit by $2.8 trillion by 2034, the nonpartisan Congressional Budget Office said in a report ...

Roughly a third of the revenue boom resulted from Trump’s unprecedented, near-universal tariffs on imports. Yet more than half of the revenue increase came from rising wages and realized capital gains ...

President Donald Trump believes that tariffs will shrink the trade deficit by getting more Americans to buy U.S. stuff instead of foreign stuff. But in economics, things don’t work quite that simply.

Taken in absolute terms at the end of each presidential term, the claim is true. However, while a U.S. president can direct policy and campaign for certain spending priorities and tax reforms, the ...

The US Department of Commerce says the combined goods and services trade deficit stretched to a gargantuan $918.4 billion in 2024. That's a 17% increase compared to 2023, although it's a little ...

President Donald Trump’s decision to impose broad tariffs on nearly all of the country’s trading partners appears to be an attempt to address his longtime dissatisfaction with the U.S. trade deficit.

In fiscal year 2020, President Donald Trump’s last full fiscal year in office during his first term, the U.S. Department of Agriculture reported a trade deficit of $3.7 billion. The most current data ...

The U.S. trade deficit soared past $100 billion for the fourth time this year, according to government data released today. It did so behind a confusion-tinged second tidal wave of gold imports from ...

The Congressional Budget Office said the Senate version of the One Big Beautiful Bill Act will add some $3.3 trillion to deficits over the next decade. The new numbers, which came after rulings from ...

United States' trade deficit—total goods and services imports minus exports—jumped 25 percent last month, according to the latest Bureau of Economic Analysis. The annual deficit in goods and services ...

The Appleton Area School District is projecting a budget deficit between $7.5 million and $11.5 million for the 2025-26 school year, despite increased state funding for special education. Increased ...