The federal government has borrowed $1.6 trillion over the past 12 months based on the latest estimates from the ...
The US economy has long been shielded from the unsustainability of its trade and budget deficits. It may not be for much ...
President Donald Trump’s first year of his second, nonconsecutive term brought all sorts of changes. His administration shuttered the United States Agency for International Development, had the ...
The U.S. government added $696 billion to the national debt over the past four months, borrowing $94 billion in the month of ...
Prior to the passage of the One Big Beautiful Bill, Trump’s “growth” math stood a chance of closing the gap. Now it’s much harder to see it working.
The House GOP's largest caucus released a plan for a second "big, beautiful bill" on Tuesday morning, which the group says could cut the federal deficit by over $1 trillion. Republican Study Committee ...
The Federal Government publishes the spending and revenue numbers on a monthly basis. Looking at the average monthly deficit, both October and December were much larger than average, with November ...
President Donald Trump has repeatedly framed his sweeping tariffs as a kind of magic bullet for America's finances, promising they would shrink the trade gap and help wipe out Washington's red ink.
The U.S. government spent $173 billion more than it collected in revenues in November. But as bad as that sounds and is, it is nevertheless better than the $193 billion deficit posted in October and ...
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