US posts $129 billion January deficit on calendar shifts, higher outlays
The federal government posted a $129 billion budget deficit for January, up sharply from an unusually low $22 billion deficit ...
Fiscal year-to-date, spending, revenues and the overall deficit are all at record highs
Reviewing the recently released accident investigation report from the September 2023 F-35B Mishap in which a Marine ejected in bad weather and the aircraft continued flying. The pilot was later ...
House Republicans Release a Roughly $3 Trillion Budget Outline
The initial plan calls for $4.5 trillion in tax cuts and at least $1.5 trillion in spending reductions, along with an ...
U.S. Trade Deficit Hit Record in 2024 as Imports Surged
Data released Wednesday morning by the Commerce Department showed that U.S. imports of goods and services grew 6.6 percent to ...
Committee for a Responsible Federal Budget2d
CBO Estimates $838 Billion Deficit for First Four Months of FY 2025
The United States borrowed $838 billion in the first four months of Fiscal Year (FY) 2025, including $127 billion in the month of January, according to the latest ...
USAID Costs $40 Billion A Year. GOP Tax Cuts Could Total $11 Trillion Over A Decade.
Republicans readily admit the revenue loss from their tax proposals will be far larger than the spending cuts they’re ...
Elon Musk Implausibly Claims 'Competence and Caring' Can Cut the Federal Budget Deficit in Half
Speaking to reporters for the first time since he took charge of the Trump administration's cost-cutting initiative, Elon ...
Trump wants to reduce the trade deficit. Here's why that matters.
President Donald Trump has made reducing the trade deficit a central part of his "American First Trade Policy." Here's what ...
Business Insider4d
Trump wants to reduce the trade deficit. Here's why that matters.
The United States hasn't had a trade surplus since 1975 — exactly 50 years ago. The US trade deficit on goods alone was a record $1.2 trillion in 2024, and there was a trade surplus on services ...